Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open comment Friday 27th May I marked Aggressive Buying on Thursday auctioning ES up to test the 1327 major poc Resistance - if ES can print some time above this level it puts the chart in a much stronger price … [Continue reading]
posted 9.27 a.m. est Pre-open comment Thursday 26th May I marked Responsive Buying on Wednesday (green-at-bottom) this followed an overnight (Tuesday) test down to 1302.25 just above the 50day VAL at 1302 (same level today). See previous … [Continue reading]
posted 9.28 a.m. est Pre-open comment Wednesday 25th May I marked Responsive Selling on Tuesday (red-at-top) but VA was overlapping/higher so Ineffective. Overnight ES has probed down to 1302.25 which is almost down at the 50day VAL mentioned … [Continue reading]
webcast 24th May … [Continue reading]
posted 9.18 a.m. est Pre-open comment Tuesday 24th May ES opened on Monday gap down and generated a lower, narrower VA on less volume. Price location is now weak and I will not consider new longs at these levels if ES remains below 1327. … [Continue reading]
posted 8.20 a.m. est Pre-open comment Monday 23rd May The Chartprofit Market Timing System is negative for all Major Market Charts. %Stocks>50ma numbers for both Nyse and Nasdaq are below 50. Last week ES (and NQ) retraced 50% of the … [Continue reading]
posted 9.20 a.m. est Pre-open comment Friday 20th May The Support and Resistance given pre-open marked the extremes on Thursday apart from brief, rejected tests early in the session. Following Wedneday's Aggressive Buying ES was higher … [Continue reading]
posted 8.29 a.m. est Pre-open comment Thursday 19th May I marked Aggressive Buying (green-at-top) on Wednesday and a Higher, wider Value Area was generated above the 1327 poc which is Effective Buying. Pre-open ES has printed back to the … [Continue reading]
webcast 18th May … [Continue reading]
posted 9.20 a.m. est Pre-open comment Wedesday 18th May I suggested Buyers might Respond (green-at-bottom) if 1317 printed and that did occur yesterday but Tuesday's Value Area printed entirely below the 1327 poc so this is not Effective … [Continue reading]