Daily analysis - Stock Market, Bonds, Forex and more
posted 8.52 a.m. et Pre-open comment Monday 6th February Major poc migrated up to 1307 last week. This is now an important level to monitor. In the LT as long as ES holds above this level I would expect higher. The Chartprofit Market Timing … [Continue reading]
posted 9.26 a.m. et Pre-open comment Friday 3rd February ES spent the last two sessions consolidating above 1313 which kept it in a strong price location (see pre-open comment Tuesday). The minor poc of the range shown on this chart (seven … [Continue reading]
posted 9.29 a.m. et Pre-open comment Thursday 2nd February ES negated Tuesday's Responsive Selling by printing above 1318. Very little to add to Wednesday's comments (highlighted on graphic). 1313 is the minor 1/2R off last week's … [Continue reading]
posted 9.28 a.m. et Pre-open comment Wednesday 1st February Responsive Selling (red-at-top) was marked on Tuesday but not Effective Selling as the Value Area was overlapping/higher. The selling imbalance will be negated if ES prints above 1318 … [Continue reading]
posted 9.04 a.m. et Pre-open comment Tuesday 31st January Pre-open yesterday ES was printing well below the 30dy poc at 1307 and I wrote "Bulls would want to see Buyers quickly auctioning ES back above that level". Buyers Responded … [Continue reading]
posted 8.59 a.m. et Pre-open comment Monday 30th January Chartprofit Market Timing System remains positive for all Major Market Charts. %Stocks>50dyma numbers are Supportive in as much as they are greater than 50 but are also overbought, … [Continue reading]
posted 9.05 a.m. et Pre-open comment Friday 27th January ES has not yet convincingly cleared the 1315 Resistance. Pre-open today the 1307 poc Support is being tested. Time below that level would be the first indication of weakness. First … [Continue reading]
posted 9.13 a.m. et Pre-open comment Thursday 26th January Following Tuesday's Responsive Buying the Buyers were active again on Wednesday, Aggressively auctioning ES above the Resistance around the 1315 level. Despite the overbought readings … [Continue reading]
posted 9.22 a.m. et Pre-open comment Wednesday 25th January Buyers Responded (green-at-bottom) to an early probe below the low of the last three sessions. Like Monday's Responsive Selling this was Ineffective (the Value Area was … [Continue reading]
posted 9.27 a.m. et Pre-open comment Tuesday 24th January Sellers Responded (red-at-top) to a probe above the poc Resistance around 1315. Ineffective Selling because the Value Area was overlapping/higher. Even so, new long trades are … [Continue reading]