Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. est Pre-open Tuesday 24th August see yesterday's comments highlighted above. ES spent just enough time at 1073 on Monday for the minor poc (August) to migrate lower to this level. As I wrote yesterday "this would most … [Continue reading]
posted 9.29 a.m. est Pre-open Monday 23rd August Longframe: The Chartprofit Market timing system remained negative for the sixteenth consecutive week. The market is most likely in ranging mode. Sentiment indicators are mostly unhelpful at … [Continue reading]
posted 9.27 a.m. est Pre-open Friday 20th August See yesterday's highlighted comments. ES spent most time yesterday close to the 3mth poc at 1073. Overnight ES has been as low as 1063.50. A Value Area printed below 1073 would indicate … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 19th August 1126.25 is the 1/2 Bear Market level for ES continuous chart. This has proved resistance in June and August (see chart). In the webcast on Monday 9th I showed the Value Area of the ES … [Continue reading]
this blog will resume on 19th August … [Continue reading]
webcast 9th August … [Continue reading]
posted 9.05 a.m. est Pre-open Monday 9th August At the start of last week ES gapped higher and spent Monday through Thursday consolidating the higher level which lifted the minor poc to 1119. Following the jobs report on Friday ES sold off but … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 6th August Another narrow day generating very low volume on Thursday. The minor 10day poc migrated to 1119. Therfore First Level S/R at 1119 could be intraday support or resistance. The price action … [Continue reading]
posted 9.29 a.m. est Pre-open Thursday 5th August Wednesday was another consolidation day and like all this week's price action it was above the 1107/08 S/R which is a sign of strength. First Level S/R is 1119 (4day) poc. If ES holds this … [Continue reading]
posted 9.27 a.m. est Pre-open Wednesday 4th August ES held up well on Tuesday in a low volume, narrow Value Area session. We're still waiting for Significant Sellers to respond at these higher levels. 1123 could continue to be … [Continue reading]