Daily analysis - Stock Market, Bonds, Forex and more
posted 7.35 a.m. est Pre-open Friday 9th July Thursday saw some weakness following a stronger open but there was no follow through downside. ES closed strong after a p.m. rally. First Level Resistance is 1073 (poc). This may be a problem … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 7th July All of Wednesday's session took place above the First Level S/R at 1023 (5day poc). Aggressive Buyers (green-at-top) auctioned ES higher and pre-open ES has printed as high as 1066. Strictly … [Continue reading]
webcast 7th July … [Continue reading]
posted 8.15 a.m. est Pre-open Wednesday 7th July On Tuesday, following a positive opening, Significant Sellers Responded early in the session and auctioned ES quickly back to the 1023 minor poc. Price action is still weak suggesting the market … [Continue reading]
posted 9.23 a.m. est Pre-open Tuesday 6th July Longframe: Long positions are eliminated for me because the ChartProfit Market Timing system (weekly) stayed negative (red) for the ninth consecutive week. Dayframe: Sellers are still in … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 2nd July Wednesday's red-at-bottom low was tested yesterday. SPX hit a new 9month low. In Tuesday's webcast I mentioned four charts that were the most important to monitor this week: Nasdaq Comp, IWM, … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 31st July Tuesday's red-at-bottom low was tested yesterday with more Aggressive Selling (red-at-bottom) which now indicates that Wednesday's low will be tested during today's session. First Level … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 30th June Aggressive Selling was marked on Tuesday. A red-at-bottom low usually gets tested the following day. Note the gap left yesterday. First Level Resistance is 1073. I cannot consider the long … [Continue reading]
webcast 29th June … [Continue reading]
posted 9.04 a.m. est Pre-open Tuesday 29th June I said pre-open yesterday that if the 30 day poc migrated lower to 1073 it "would indicate a test of last week's low at 1062.75 and most likely a test of the May low at 1032.75". During … [Continue reading]