Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. ET Pre-open comment Thursday 27th October Tuesday's red-at-bottom low was tested on Wednesday but Buyers Responded immediately (green-at-bottom) just above 1st Level Support at 1214.50 - dotted on chart (see pre-open comments … [Continue reading]
posted 9.26 a.m. ET Pre-open comment Wedesday 26th October I marked Significant Selling on Tuesday. Red-at-bottom lows are usually (80%) tested the following day. Pre-open ES is printing above the 1st Level S/R at 1230.50 (minor poc). First … [Continue reading]
posted 05.15 a.m. ET Pre-open comment Tuesday 25th October I thought ES>1250 might attract a Response from the Sellers but nothing marked yet. Market getting overbought but Short Trades are eliminated for me (since Close 10/18) until … [Continue reading]
posted 9.28 a.m. ET Pre-open comment Monday 24th October Friday extended the Range for the week to 50 points which is close to average. The Close was above the high of the Mon-Wed Range which is usually good for continuation - note though that … [Continue reading]
posted 8.02 a.m. ET Pre-open comment Friday 21st October Thursday's session, like Wednesday's, was generated within the range of Tuesday's. You can see the Support provided by the 1189 poc over the last few days, see dashed line on chart. … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Thursday 20th October Wednesday's session was generated inside Tuesdays. Overnight ES has probed up into the 1214.50 1/2R and found Resistance. Currently printing 1206. We have proven levels of Support … [Continue reading]
posted 9.17 a.m. ET Pre-open comment Wednesday 19th October Buyers Responded strongly to a probe of the 1189 poc early in the session (see yesterday's highlighted comments) and Aggressive Buying was marked later in the day (green-at-top) … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Tuesday 18th October Aggressive Selling (red-at-bottom) was marked on Monday. Overnight the 4month poc at 1189 has been tested. Pre-open today ES has printed as high as 1198.50 (Monday's poc = … [Continue reading]
posted 9.23 a.m. ET Pre-open comment Monday 17th October Last week I marked Significant Buying twice. There has been no Significant Selling marked for nine days. The Chartprofit Market Timing System turned neutral (from negative) for both the … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Friday 14th October ES printed enough time at 1189 to lift the 4month poc to this level (see Monday's pre-open comment highlighted on graphic). If ES holds above this level and prints time above the 1/2R at … [Continue reading]