Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. et Pre-open comment Thursday 22nd December In the early part of Wednesday's session there was follow-on weakness from the overnight rejection of the probe above 1244. This was reversed in the p.m. with ES closing strong but … [Continue reading]
posted 9.29 a.m. et Pre-open comment Wednesday 21st December Red-at-bottom lows are usually tested the following day. Monday's was not. In fact Aggressive Buying was marked on Tuesday (green-at-top). Aggressive Buying following a day of … [Continue reading]
posted 9.29 a.m. et Pre-open comment Tuesday 20th December Monday's session high came in at exactly the 8day poc at 1218.5. I wrote pre-open that "intraday S/R at this level could help decide the very minor bias", and that was the case … [Continue reading]
posted 9.17 a.m. et Pre-open comment Monday 19th December Last week I marked Significant Selling twice and no Significant Buying. The Active Sellers were Effective because the Value Area as a whole was lower and wider than the VA for the … [Continue reading]
posted 9.27 a.m. et Pre-open comment Friday 16th December Following Tuesday's Aggressive Selling the last two sessions have generated lower, narrow VAs. No Significant Buying has been marked. This has the "look" of Sellers Resting nd I'll … [Continue reading]
posted 9.29 a.m. et Pre-open comment Thursday 15th December The most recent imbalance was Aggressive Selling on Tuesday and therefore Long Trades are eliminated for me at least until Significant Buying is marked. Sellers are in control of the … [Continue reading]
posted 9.27 a.m. et Pre-open comment Wednesday 14th December Tuesday's session high came in at exactly First Level Resistance at 1244. Aggressive Selling (red-at-bottom) was marked and as it was below the 1244 poc further weakness is indicated … [Continue reading]
posted 9.29 a.m. et Pre-open comment Tuesday 13th December Note: we are now following the March contract. Thu/Fri profiles last week are now also shown as March contract. Thursday's red-at-bottom low was tested on Monday but the most recent … [Continue reading]
posted 8.16 a.m. et Pre-open comment Monday 12th December The Chartprofit Market Timing System is Mixed. Positive for Nyse Market Chart and Negative for Nasdaq and the UK. Thursday's red-at-bottom low (Significant Selling) was not tested on … [Continue reading]
posted 9.29 a.m. et Pre-open comment Friday 9th December Thursday's session high came in 1256.25, just below First Level Resistance at 1257. Later in the day the 50day poc Support at 1244 was broken as Significant Selling was marked for the … [Continue reading]