Daily analysis - Stock Market, Bonds, Forex and more
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]
webcast 8th September … [Continue reading]
posted 7.35a.m. est Pre-open Wednesday 8th September Dayframe: Most recent imbalance is now Selling (red) and therefore a test of Tuesday's low is likely during today's session. ES spent most time on Tuesday printing at the Major poc at … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 7th September Last week I marked Significant Selling on Monday followed by three instances of Significant Buying. Friday closed above Mon-Wed range and above the highs of the previous two weeks which … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 3rd September Aggressive Buyers were marked again on Thursday. Pre-open ES has printed above 1100. The Major POC at 1094 comes back into play here. As does the 1/2R off April high at 1107 which is now … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 2nd September Aggressive Buyers were marked on Wednesday auctioning ES above the poc at 1073 which now becomes First Level Support. I expect higher prices if this support holds. There is a gap between … [Continue reading]
posted 7.10 a.m. est Pre-open Wednesday 1st September Monday's low was tested on Tuesday (as expected) but Buyers Responded below 1040 again (green-at-bottom). Dayframe: The last imbalance is now Buying (green) and that eliminates new short … [Continue reading]