Daily analysis - Stock Market, Bonds, Forex and more
posted 5.40 a.m. est Pre-open Wednesday 16th June Aggressive Buyers were active on Tuesday (green-at-top). I apply my own strict criteria when classifying Buying or Selling activity as Effective. One of these is whether the Value Area is … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 15th June Significant Selling was marked on Monday. Sellers Responded at the high of the 20day Value Area (greyed), which is VAhigh=1101 and VAlow=1052. Monday's Value Area was Higher and Wider so this … [Continue reading]
posted 9.25 a.m. est Pre-open Monday 14th June Note: Following the September contract now. Longframe: The major Market Timing charts stayed negative for the sixth consecutive week. Dayframe: Significant Buying was marked on Thursday and … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 11th June Significant Buying was marked on Thursday but Value Area was overlapping/higher and narrower so this was not Effective Buying. There was a probe above the 1082 poc late in the day but pre-open … [Continue reading]
posted 6.50 a.m. est Pre-open Thursday 10th June Little change in the comment pre-open today. Worth noting that the centre of Wednesday's price action was 1064/65 - see Tuesday's comment. Dayframe: First Level Resistance today is the 1082 … [Continue reading]
posted 9.17 a.m. est Pre-open Wednesday 9th June Lower, wider Value Area on increased volume on Tuesday but a decent bounce in the pm. closing near the high of the day. Longframe: CP Mkt Timing system negative. Last marked imbalance was … [Continue reading]
webcast 8th June … [Continue reading]
posted 9.22 a.m. est Pre-open Tuesday 8th June Significant Sellers were marked again on Monday. The Value Area was overlapping/lower, narrower and generated less volume so this was not Effective Selling as ES auctioned below the low (1070) of … [Continue reading]
posted 9.23 a.m. est Pre-open Monday 7th June Longframe: The CP Market Timing System was negative for the fifth consecutive week. Note that Friday's weak close meant that last week's structure was back to the bearish pattern of relative … [Continue reading]
posted 3.30 a.m. est Pre-open Thursday 3rd June Tuesday's low was not tested on Wednesday (8 out of 10 times a red-at-bottom low is tested the following day). This lack of follow-through was also seen late last week when the Buyers failed to … [Continue reading]