Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.21 a.m. edt Pre-open comment Thursday 30th June This week has been dominated by the Buyers - I've marked Significant Buying four times and the Value Areas have all been higher. Dayframe: Following three consecutive days of … [Continue reading]
posted 9.23 a.m. edt Pre-open comment Wednesday 29th June On Tuesday ES opened just below the 1280.50 poc and immediately rallied above it - very similar to the price action when Monday opened below the 1265.50 poc. Yesterday's Value Area was … [Continue reading]
posted 9.13 a.m. edt Pre-open comment Tuesday 28th June On Monday Significant Buyers Responded (for the third time in six days) to price below the 1265.50 poc. Buyers were marked again later in the day aggressively auctioning ES up to the … [Continue reading]
webcast 27th June … [Continue reading]
posted 07.12 a.m. edt Pre-open comment Monday 27th June Last week I marked two instances of both Significant Buying and Significant Selling. The ChartProfit Market Timing System remained negative for all Major Market Charts. Weekly Structure … [Continue reading]
posted 9.28 a.m. est Pre-open comment Friday 24th June On Thursday I marked Responsive Buying (green-at-bottom). Short trades eliminated for me until Significant Sellers are marked again. Buyers Responded just below the 8dayVAL. Dayframe: … [Continue reading]
posted 9.27 a.m. est Pre-open comment Thursday 23rd June Dayframe: On Wednesday I marked Aggressive Selling (red-at-bottom). Long trades eliminated until Significant Buyers are marked again. Pre-open ES has briefly tested the the Support at … [Continue reading]