Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. est Pre-open comment Wednesday 13th July Tuesday's day session was supported by the 1/2R off May high at 1310 but there was certainly no obvious Response from the Buyers at that level. If ES breaks that 1/2R and prints time … [Continue reading]
webcast 12th July … [Continue reading]
posted 9.28 a.m. est Pre-open comment Tuesday 12th July Chart broke convincingly below the maj poc at 1327 which supported nearly all price action last week - I take that as a negative development. With price where it is currently, 1327 is now … [Continue reading]
posted 9.20 a.m. est Pre-open comment Monday 11th July The Chartprofit Market Timing System remained neutral for Nyse and Nasdaq Market Charts. At the start of last week I wrote ref the 1327 poc "Whether ES can hold above this level is the … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Friday 8th July Thursday gapped higher and for the first time exceeded the LT VAH, as did SPY. As noted pre-open Wednesday "VAH measured over various timeframes comes in at 1339 and with the market … [Continue reading]
posted 9.22 a.m. edt Pre-open comment Thursday 7th July Wednesday generated another Value Area entirely above the 1327 maj poc. Responsive and Aggressive Buying was marked. Support was found at the maj poc at 1327 - see previous comments … [Continue reading]
webcast 6th July … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Wednesday 6th July ES generated a very narrow Value Area on Tuesday on low volume but the entire VA was above the 1327 maj poc which is the major level of Support (and possible Resistance). As noted, the … [Continue reading]
posted 9.05 a.m. edt Pre-open comment Tuesday 5th July Three weeks ago sentiment readings reached extreme bearish levels, i.e. contrarian Bullish (see previous comments highlighted) but for the following two weeks the market didn't want to … [Continue reading]
posted 9.26 a.m. est Pre-open comment Friday 1st July The 1/2R Resistance at 1310 was exceeded early in the session and ES generated another higher Value Area and strong close. Note that today is one year from July low 2010 and 60days from … [Continue reading]