Daily analysis - Stock Market, Bonds, Forex and more
posted 9.24 a.m. et pre-open comment Friday 16th March Note: we now follow the June contract. pre-open ES has printed as high as 1400.50 which is a new rally high for this contract. If ES closes the week above 1394.25 it will be a postive … [Continue reading]
posted 9.14 a.m. et pre-open comment Thursday 15th March Strictly following my Rules I had to mark Responsive Selling (red-at-top) on Wednesday. The Value Area was overlapping/higher and once again I am not going to assume that this slight … [Continue reading]
posted 9.26 a.m. et pre-open comment Wednesday 14th March On Tuesday I marked Aggressive Buying (green-at-top). We're getting mixed readdings from the ST Sentiment indicators and Supporting Charts (see below). I'll assume higher for now and … [Continue reading]
posted 9.21 a.m. et pre-open comment Tuesday 13th March ES held the First Level Support at 1366 (see chart) and closed at the top of Monday's range. Overnight ES has printed up into the 1380s. Time spent below 1366 is now the first sign of … [Continue reading]
posted 10.18 am et post-open comment Monday 12th March Last week I marked Significant Buying twice and Significant Selling once. There was a probe below the 1346 poc on Tuesday but ES recovered to close the week above the Mon-Wed Range high … [Continue reading]
posted 9.22 a.m. et from pre-open comment Friday 9th March I marked Aggressive Buying again on Thursday (green-at-top). The session low found support at 1358 (dotted), the very minor 1/2R off last Wednesday's high. First Level Resistance at … [Continue reading]
posted 9.27 a.m. et Pre-open comment Thursday 8th March I marked Aggressive Buying on Wednesday (green-at-top) and ES printed above Tuesday's session high at 1349.50 which negated any bearish significance of Tuesday's selling imbalance. I … [Continue reading]
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]