Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.27 a.m. et Pre-open comment Wednesday 22nd February The LT analysis remains positive and until I mark Effective Selling below 1346 I am forced to assume higher but the negatives are stacking up. 1 I mentioned in Friday's webcast that … [Continue reading]
posted 9.17 a.m. et Pre-open comment Monday 20th February Last week I marked Significant Selling (Ineffective) once and Significant Buying twice. See last Wednesday's pre-open comment highlighted on the graphic. Weekly Structure: Buyers … [Continue reading]
posted 9.27 a.m. et Pre-open comment Friday 17th February Following the Ineffective Selling on Wednesday, Buyers Responded immediately after Thursday's Open (green-at-bottom) and quickly auctioned ES back above the minor poc at 1346. Later in … [Continue reading]
posted 9.26 a.m. et Pre-open comment Thursday 16th February On Wednesday I marked Aggressive Selling for the first time in weeks but although Sellers are active this was not Effective Selling - the Value Area was overlapping/higher than … [Continue reading]