Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open comment Friday 3rd June I suggested yesterday that further weaknes is likely "at least a further test of the 50dyVAL.. .at 1298" - 50dyVAL stays at 1298 and pre-open today has been tested following the release of … [Continue reading]
posted 9.23 a.m. est Pre-open comment Thursday 2nd June On Wednesday there was both Responsive and Aggressive Selling marked. The Value Area was lower and wider so this is Effective Selling. Long Trades eliminated for me until Significant … [Continue reading]
webcast 29th May … [Continue reading]
posted Sunday 29th May 14.27 p.m. est Pre-open comment Tuesday 31st May Last week I marked two instances of Significant Buying and one of Significant Selling. Friday closed above Mon-Wed range high. This is active Buyers but certainly not … [Continue reading]
posted 9.29 a.m. est Pre-open comment Friday 27th May I marked Aggressive Buying on Thursday auctioning ES up to test the 1327 major poc Resistance - if ES can print some time above this level it puts the chart in a much stronger price … [Continue reading]
posted 9.27 a.m. est Pre-open comment Thursday 26th May I marked Responsive Buying on Wednesday (green-at-bottom) this followed an overnight (Tuesday) test down to 1302.25 just above the 50day VAL at 1302 (same level today). See previous … [Continue reading]
posted 9.28 a.m. est Pre-open comment Wednesday 25th May I marked Responsive Selling on Tuesday (red-at-top) but VA was overlapping/higher so Ineffective. Overnight ES has probed down to 1302.25 which is almost down at the 50day VAL mentioned … [Continue reading]
webcast 24th May … [Continue reading]
posted 9.18 a.m. est Pre-open comment Tuesday 24th May ES opened on Monday gap down and generated a lower, narrower VA on less volume. Price location is now weak and I will not consider new longs at these levels if ES remains below 1327. … [Continue reading]
posted 8.20 a.m. est Pre-open comment Monday 23rd May The Chartprofit Market Timing System is negative for all Major Market Charts. %Stocks>50ma numbers for both Nyse and Nasdaq are below 50. Last week ES (and NQ) retraced 50% of the … [Continue reading]