Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.23 a.m. et Pre-open comment Monday 23rd January Last week ES closed at almost the high of the week. There's been only one instance of Significant Selling in 21 days. Chartprofit Market Timing System is positive for all Major Market … [Continue reading]
posted 9.29 a.m. et Pre-open comment Friday 20th January On Thursday ES printed a higher, albeit narrower Value Area on less volume. SPY RSI(14) reached its highest reading since the May 2011 top but only one (ineffective) appearance by the … [Continue reading]
posted 9.29 a.m. et Pre-open comment Thursday 19th January Exact low of Wednesday's session was 1286.50, the minor poc support mentioned pre-open yesterday and Friday. Buyers Responded immediately (green-at-bottom) and Aggressive Buying was … [Continue reading]
posted 9.23 a.m. et Pre-open comment Wednesday 18th January Longframe: Significant Sellers were marked for the first time in eighteen days Responding (red-at-top) to a price probe above last week's high. The Value Area was higher so this is … [Continue reading]
posted 9.22 a.m. et Pre-open comment Tuesday 17th January On Monday 9th Jan. the minor poc migrated higher to 1271.50 and became First Level Support. Since that point all price action has held above that level which is constructive. Buyers … [Continue reading]
posted 9.29 a.m. et Pre-open comment Friday 13th January In light of the Sentiment measures pushing quickly higher recently the market may want to set back here. Pre-open ES has printed as low as 1279.75. ES printing below 1271.50 would … [Continue reading]