Daily analysis - Stock Market, Bonds, Forex and more
posted 9.24 a.m. et pre-open comment Wedesday 23rd May ES is currently oscillating around the major poc at 1307 (prints 1307 as I write pre-open). We need to look for a clear higher low above or lower high below that level as clue re ST … [Continue reading]
posted at 9.18 a.m. et pre-open comment Tuesday 22nd May Significant Buying marked for the first time in more than three weeks. In the pre-open 9th May with ES printing 1350s I said that "one of the real concerns is the lack of major … [Continue reading]
posted 8.54 a.m. et pre-open comment Monday 21st May Chartprofit Market Timing System remained negative for all major Market Charts. Index ETFs ended the week in a very weak price location. Weekly Structure: ES closed the week below Mon-Wed … [Continue reading]
posted 9.28 a.m. et pre-open comment Friday 18th May On Thursday I marked Aggressive Selling (red-at-bottom) for the third consecutive day. Red-at-bottom lows usually get tested quickly, as Tuesday's and Wednesday's were, but three days in a row … [Continue reading]
posted 9.28 a.m. et pre-open comment Thursday 17th May On Wednesday I marked Aggressive Selling (red-at-bottom) again. As I said yesterday Red-at-bottom lows usually get tested pretty quickly, as Tuesday's now has been. Overnight ES has … [Continue reading]
posted 9.24 a.m. et pre-open comment Wednesday 16th May On Tuesday I marked Aggressive Selling (red-at-bottom), however the Value Area was overlapping the previous VA rather than obviously lower so this was not Effective Selling. Red-at-bottom … [Continue reading]
Stock markets are known to follow certain time cycles with one of the most notable being the ten year or "Decennial Cycle". The famous stock market trader, William D. Gann applied it to his trading strategies as long ago as the 1920s. And today … [Continue reading]
posted 9.19 a.m. et pre-open comment Tuesday 15th May Difficult to find anything positive to say. Significant Sellers have not been marked for six days and yet ES is lower and still no response from the Significant Buyers (see Monday's … [Continue reading]
posted 9.26 a.m. et pre-open comment Monday 14th May I did not mark Significant Selling at all last week so the Buyers were given plenty of opportunity to Respond but they did not. That's not encouraging. And, the last four Value Areas were … [Continue reading]
posted 9.23 a.m. et pre-open comment Friday 11th May Once again there is little comment to add. This week ES has printed three Value Areas entirely below 1366, the maj poc. This is weak price location. unless the chart recovers quickly back … [Continue reading]