Daily analysis - Stock Market, Bonds, Forex and more
posted 8.55 a.m. est Pre-open comment Monday 25th April All of Thursday's session held above the 1327 (5month poc) support. If ES holds above this level at the start of this week it is in a strong position and February's high at 1337.75 … [Continue reading]
posted 9.29 a.m. est Pre-open comment Thursday 21st April ES gapped open on Wednesday but Responsive Sellers did not step in. Instead there was enough time spent at 1327 to migrate the 5month poc slightly lower to this level. This is now … [Continue reading]
posted 9.29 a.m. est Pre-open comment Wednesday 20th April Looks like my interpretation of the recent Buying Activity was uneccessarily over-complicated (see yesterday's pre-open comments). Fact is we had Significant Buyers marked for three … [Continue reading]
posted 9.29 a.m. est Pre-open comment Tuesday 19th April ES fell soon after the open on Monday but found Support (within the zone given) just above the 1/2R off February high. It is always helpful to ask the questions "who is Active?" and … [Continue reading]
webcast 18th April … [Continue reading]
posted 8.42 a.m. est Pre-open comment Monday 18th April Chartprofit Market Timing system is negative for all major Market Charts except Russell2000 which is now neutral. Last week I marked two instances of Significant Buying and two of … [Continue reading]
posted 9.29 a.m. est Pre-open comment Friday 15th April Responsive Buying (green-at-bottom) was marked on Thursday. Value Area was lower and wider so this is not Effective Buying. 1312.50 remains the minor poc although it requires very … [Continue reading]
posted 9.29 a.m. est Wednesday: A probe higher early in Wednesday's session didn't quite make it into the Resistance band between 1318-1321 before being Responsive Sellers stepped in (red-at-top). That's five instances of Significant Selling … [Continue reading]
posted 9.30 a.m. est Pre-open comment Wednesday 13th April Tuesday generated a lower, narrower Value Area. Session low was 1305.25 - I have no obvious support here. Most recent Imbalance is Aggressive Selling so I will assume lower until I … [Continue reading]
posted 9.29 a.m. est Pre-open comment Tuesday 12th April On Monday there was an early probe above the 5month poc at 1328.50 which was quickly rejected. Aggressive Selling (red-at-bottom) was marked later in the day taking ES down for a probe of … [Continue reading]