Daily analysis - Stock Market, Bonds, Forex and more
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]
webcast 2nd August … [Continue reading]
posted 5.25 a.m. est Pre-open Tuesday 3rd August Monday's session was above the First Level S/R at 1108. 1123 target was reached. ES gapped higher on Monday. I have marked no Significant Selling and most indices now print above their 1/2R … [Continue reading]
posted 9.26 a.m. est Pre-open Monday 2nd August Following the Selling marked on Wednesday and Thursday last week I said (pre-open Friday).. "we now need very strong evidence before looking at the long side. An early response from the Buyers in … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 30th July Significant Sellers were active again on Wednesday, Responding (red-at-top) to an early probe above Tuesday's VA. Selling pressure continued through the a.m. taking out the previous day's low as … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 29th July I marked Aggressive Selling on Wednesday (red-at-bottom). As I never fade the last imbalance this means I cannot now initiate new longs. Stats suggest there's a strong chance that Wednesday's … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 28th July In the webcast this week I showed the three month price distribution chart for ES. The Value Area Low came in at 1052 and the Value Area High came in at 1114. Obviously the range of the Value … [Continue reading]