Daily analysis - Stock Market, Bonds, Forex and more
posted 9.21 a.m. et Pre-open comment Wednesday 7th March By strictly applying my rules I had to mark Significant Selling yesterday (red-at-bottom) but it was only just. Some comments on this; firstly yesterday's session was a gap down and I … [Continue reading]
posted 9.25 a.m. et Pre-open comment Tuesday 6th March The 30day poc migrated to 1366 on Monday - this is now First Level Resistance. This is now a more important level than 1346 although 1346 remains First Level Support. Pre-open ES has … [Continue reading]
posted 9.27 a.m. et Pre-open comment Monday 5th March Longframe: Weekly Structure showed no bias. Chartprofit Market Timing System remained positive for Nyse, turned neutral for Nasdaq and remained positive for UK. ES built Value slightly … [Continue reading]
posted 9.29 a.m. et Pre-open comment Friday 2nd March Another overlapping/higher Value Area on Thursday. It's actually been slow progess upside so far this week but in the abscence of Significant Sellers I have to assume higher in the ST until … [Continue reading]
posted 6.15 a.m. et Pre-open comment Wednesday 29th February Note: this was written more than three hours before Open. 15day poc moved to 1357. This is now First Level Support. First sign of weakness in the dayframe would be time spent below … [Continue reading]
posted 9.24 a.m. et Pre-open comment Wednesday 29th February Buyers are still in control of the dayframe but ES appears to be grinding higher rather than trending - note the overlapping Value Areas. Still, the last four Value Areas have been … [Continue reading]
posted 9.16 a.m. et Pre-open comment Tuesday 28th February On Monday Buyers Responded (green-at-bottom) to a test of the ten day poc at 1355 early in the session. Later in the day ES printed a new high for this rally. In the dayframe the … [Continue reading]
posted 9.22 a.m. et Pre-open comment Monday 27th February Longframe: Weekly Structure showed no bias (previous week, w/e 02/17, showed Buyers Active). Chartprofit Market Timing System remained positive for all Major Market Charts. Friday was 91 … [Continue reading]
posted 9.21 a.m. et Pre-open comment Friday 24th February Buyers Responded early in Thursday's session (green-at-bottom) to a test below Wednesday's low. Later in the day Aggressive Buying was marked (green-at-top). This was the third time … [Continue reading]
posted 9.05 a.m. et Pre-open comment Thursday 23rd February The ST bullish trend pattern whereby the minor poc migrates higher and then ES consolidates above it remains intact. Currently this would be put to the test if a Value Area gets … [Continue reading]