Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open comment Thursday 31st March Tuesday's session gapped higher above the 1318 poc Resistance which is now Support. This puts ES in a strong price location if it holds. ES prints above 1315 which is the VAH measured … [Continue reading]
posted 9.29 a.m. est Pre-open comment Wednesday 30th March Monday's (red-at-bottom) low was tested early in Tuesday's session. This was quickly rejected and after printing time around 1310.50 (as Friday and Monday did) ES auctioned higher to … [Continue reading]
webcast 29th March … [Continue reading]
posted 9.29 a.m. est Significant Selling (red-at-bottom) was marked on Monday following an early probe to a 12day high. This was Ineffective Selling because Monday's Value Area was overlapping Friday's. Even so, Stats tell me that any … [Continue reading]
posted 9.29 a.m. est Pre-open comment Monday 28th March Longframe: The Chartprofit Market Timing System turned neutral (from negative) for Nyse, SP500 and R2000 Market Charts. Nasdaq stayed negative. Daily Breadth Indicators have improved. … [Continue reading]
posted 9.29 a.m. est Pre-open comment Friday 25th March ES found support at the 20day poc at 1293.50 (see yesterday's comments) and major index ETFs now print above the Resistance levels given in the eBook so price location is much … [Continue reading]
posted 9.29 a.m. est Pre-open comment Thursday 24th March SPY made an early probe below its 4month poc Support at 128.57 which was quickly rejected and then rallied to its 1/2R from Feb high Resistance (see levels in eBook). Pre-open SPY is … [Continue reading]
posted 9.29 a.m. est Pre-open comment Wednesday 23rd March Tuesday generated another narrow Value Area and less Volume. Most time during the session was spent at 1289.50 the exact 1/2R off February's high and this is therefore an important … [Continue reading]
webcast 22nd March … [Continue reading]
posted 9.29 a.m. est Pre-open comment Tuesday 22nd March Monday's Value Area was higher, narrower and generated less Volume. That is not usually good for continuation higher but spent almost the entire session above the 1/2R off February high … [Continue reading]