Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. Pre-open Tuesday 21st September Significant Buyers were marked on Monday, Aggressively auctioning ES higher in the p.m. Value Area was higher and wider which is good for continuation although volume was lower (only 80% of … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 20th September Last week I marked Significant Buying twice and Significant Selling once. Friday found low at the First Level Support (1117) which is a positive in the ST if it holds early this week. I … [Continue reading]
posted 9.29 a.m. Pre-open Friday 17th September Significant Buyers were marked again on Thursday, aggressively auctioning ES higher in the p.m. Dayframe: First Level Support is ES 1117 which is the minor 4day poc. Short Trades are now … [Continue reading]
Pre-open Thursday 16th September Significant Buyers were marked on Wednesday Responding below the lows of Monday and Tuesday. If there is a strong end to the week I would expect the CP Market Timing System to turn positive. Dayframe: If ES … [Continue reading]
posted 8.57 a.m. est Pre-open Wednesday 15th September Note: we're following the ES December contract now. One of the conditions that has to be met before I can mark Significant Buying is ES has to close above fifty percent of the day … [Continue reading]
webcast 14th September … [Continue reading]
posted 9.27 a.m. est Pre-open Tuesday 14th September Monday was the third gap up day since the August low. Gap up days following a low are often an indication of short covering rather than strong buying. A probe lower to test the 1107 1/2R … [Continue reading]
posted 9.25 a.m. est Pre-open Monday 13th September Longframe: Long positions are still eliminated for me. The ChartProfit Market Timing System stayed negative for the nineteenth consecutive week. Pre-open ES is printing well above 1107 … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 10th September Dayframe: In this timeframe I apply my #1 Rule of "never fading the last imbalance" and although it is sometimes frustrating (see Wednesday) in the long run it pays off. As of close yesterday … [Continue reading]
posted 8.35 a.m. est Pre-open Thursday 9th September Dayframe: Most recent imbalance is now Buying (green) so Short trades are eliminated for me. Tuesday's Selling was not Effective but, based on stats, I expected a test of that session low … [Continue reading]