Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.29 a.m. ET Pre-open comment Thursday 13th October Wednesday was the sixth consecutive day of higher highs and higher lows. ES probed very briefly above 1st Level Resistance at 1214.50 but pre-open today has printed as low as 1190, just … [Continue reading]
posted 7.25 a.m. ET Pre-open comment Wednesday 12th October Tuesday tested Monday's green-at-top high and Sellers have not Responded so far. ES is currently printing above the 2month VAH and almost registering overbought by my criteria - ie … [Continue reading]
posted 8.27 a.m. ET Pre-open comment Tuesday 11th October Aggressive Buying was marked again. Usually (80%) a green-at-top high is tested the following day but that stat is less reliable follwoing a gap day which Monday was. Value Area was … [Continue reading]