Daily analysis - Stock Market, Bonds, Forex and more
posted 9.19 a.m. et pre-open comment Thursday 10th May There is little to add today to previous comments. ES printing below the 1366poc is weak price location. First minor sign of strength would be time spent above 1366 but I will not … [Continue reading]
posted 9.28 a.m et pre-open comment Wednesday 9th May One of the real concerns is the lack of major Support for ES around current levels. The next significant poc Support on the Daily Chart is down at 1313. ES is currently printing below the … [Continue reading]
posted 9.26 a.m. et pre-open comment Tuesday 8th May For the reassons mentioned over the last few days I remain very cautious here, see highlighted comments on graphic. Overnight ES probed up into the 1366 poc but pre-open is printing 1358. … [Continue reading]
posted 9.05 a.m. et pre-open comment Monday 7th May Last week I marked Significant Selling three times and no Significant Buying. On Friday Aggressive Selling was marked on a day weak enough to test the 1366 poc. Pre-open today ES has … [Continue reading]
posted 9.06 a.m. et pre-open comment Friday 4th May On Thursday I marked Responsive Selling (red-at-top) and Aggressive Selling (red-at-bottom). New long trades are now eliminated for me until I mark Significant Buying (green). Thirty minutes … [Continue reading]
posted 9.21 a.m. et pre-open comment Thursday 3rd May ES has printed consistently in the price area around 1395 but not enough yet to lift the 4month poc to this level. Please read Tuesday's comments (highlighted on graphic). The 2month VAH is … [Continue reading]
posted 9.19 a.m. et pre-open comment Wednesday 2nd May ES spiked as high as 1411.75 early in Tuesday's session, came weaker to the close and overnight and pre-open prints back in the price area around 1395, the 2month poc. Please read … [Continue reading]
posted 9.21 a.m. et. pre-open comment Tuesday 1st May Monday's session was spent in a tight range centred around 1393. 1395 was rejected on the Open but the 1/2R Support at 1386 was not tested (important for Bulls that this level holds). A … [Continue reading]
posted 8.12 a.m. et pre-open comment Monday 30th April ES closed above Mon-Wed Range high which is Buyers Active. Breadth is supportive: both Nyse and Nasdaq Market Charts turned back to positive and %Stocks>50dyma are back above … [Continue reading]
posted 7.50 a.m. et pre-open comment Friday 27th April On Thursday I marked Aggressive Buying (green-at-top) above the 1/2R Resistance at 1386 (see previous, highlighted comments). The Index ETF charts IWM and QQQ which had found Resistance at … [Continue reading]