Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.28 a.m. et Pre-open comment Thursday 8th December The 50day poc at 1244 provide exact Support for the low on Wednesday. This is now proven Support and Effective Selling marked below that level would be significant. There has been a … [Continue reading]
posted 9.24 a.m. et Pre-open comment Wednesday 7th December I wrote pre-open Friday (highlighted on graphic) that ES may find it difficult to make progress above the VAH at 1258 without some consolidation first. That's been the case but as long … [Continue reading]
posted 9.19 a.m. et Pre-open comment Tuesday 6th December Overnight ES low was 1245.25, just above the 50dy poc at 1244. Time spent below that level would be the first minor sign of weakness this week. First Level Support = ES 1244 (50dy … [Continue reading]