Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Tuesday 26th October Sellers Responded on Monday (red-at-top) soon after the open and ES closed near the low of the day but the Value Area was higher and wider so this is not yet Effective Selling. Even so I like … [Continue reading]
posted 9.29 a.m. est Pre-open Monday 25th October Friday's session was narrow with most time spent around 1178 which lifted the twenty day poc to this level. 1178 is the First Level Support at the start of this week. Next Level support comes … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 22nd October Thursday's Value Area was overlapping/wider but once again almost all the session was spent consolidating above the First Level S/R at 1172.50 which keeps ES in a strong location. The overnight … [Continue reading]
posted 4.35 a.m. est Pre-open Thursday 21st October Wednesday opened below the 6day VAL at 1165.50 and then immedaitely rejected that price level quickly as I said yesterday "ST Bulls would want to see". Value Area was higher and narrower on … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 20th October On Tuesday ES found support at exactly 1155.50, the 15daypoc mentioned yesterday. If ES prints value below 1155.50 this could become something more serious but so far I'd classify … [Continue reading]
webcast 19th October … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 19th October ES found support just below First Level S/R on Monday, in fact at Friday's poc (see chart). After rallying back above First Level S/R ES built Monday's Value Area above Thursday's and … [Continue reading]
posted 9.26 a.m. est Pre-open Monday 18th October Last week Significant Buyers were active on Tuesda, both Responsive and Aggressive. Monday's poc at 1163 limited the downside for the rest of the week (dotted) and no Significant Selling was … [Continue reading]
posted 9.23 a.m. est Pre-open Friday 15th October ES low on Thursday came in at the First Level S/R - see above. If ES can hold above today's First Level S/R at 1172.50 early in the session we may well see another week finishing with … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 14th October ES opened and drove higher to its highest level since May 5th with no markable response from the Sellers. First Level S/R today = 1163 (5daypoc). Lower support at 1155.5 … [Continue reading]