Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. edt Pre-open comment Thursday 4th August Tuesday's red-at-bottom low was tested on Wednesday and for the first time in nine days I marked Significant Buyers - Responding as the March low was tested. As noted already, what's … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Wednesday 3rd August Aggressive Selling marked again on Tuesday. These red-at-bottom lows are usually tested within one or two days. Technically, the market is reaching oversold, e.g. the SPX RSI(14) … [Continue reading]
webcast 2nd August … [Continue reading]
posted 9.29 a.m. edt Pre-open comment Tuesday 2nd August Monday pre-open there was a rejeceted price probe above the major poc at 1308; also SPY was rejected above 131.23. This was followed by Sellers Responding (red-at-top) immediately the … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Monday 1st August Longframe: Chartprofit Market Timing System remained negative. %Stocks>50dyma below 50% for all major charts. Breadth is not supportive. Weekly Structure is weak. Six days ago … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Friday 29th July Aggressive Sellers marked again. We now have three levels which are very close in the time they have attracted over the last six months. These are 1327, 1315 and 1308. One of these … [Continue reading]
posted 9.29 a.m. edt Pre-open comment Thursday 28th July The Bearish scenario as outlined at the start of the week appears to be the one playing out. i.e. rejection of the probe above LT VAH and Significant Selling marked below 1315. We now … [Continue reading]
posted 5.30 a.m. edt Pre-open comment Wednesday 27th July note: following was written at 5.30 a.m. edt The most recent imbalance was Buying (green) and price action since then appears to be Buyers Resting, i.e. Buyers looking for a Response … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Tuesday 26th July Once again the 1327poc came into play, providing Support early in yesterday's session. Also the exact overnight low has been 1327. First sign of weakness comes if this level fails but no … [Continue reading]
webcast 25th July … [Continue reading]