Daily analysis - Stock Market, Bonds, Forex and more
posted 07.10 a.m. est Pre-open comment Monday 2nd May Last week I marked two instances of Significant Buying and no Significant Selling. No Selling imbalances have been marked for eleven days. Short Trades have been eliminated for me since … [Continue reading]
posted 9.29 a.m. est Pre-open comment Friday 29th April Wednesday's green-at-top high was exceeded. Value Area was higher. Monday marked the low of the week so far with Thursday on the high. If Friday closes above 1354 (Wednesday's high) we … [Continue reading]
posted 9.29 a.m. est Pre-open comment Thursday 28th April ES tested the First Level Support at 1342 early in the session but Wednesday's VA was generated above this level. Later in the day Aggressive Buying was marked. We now have a … [Continue reading]
webcast 27th April … [Continue reading]
posted 9.07 a.m. est Pre-open comment Wednesday 27th April ES session low Tuesday was 1334.50, i.e. holding above the minor poc at 1333. This was a further indication of ST strength. February's high was exceeded and the SP500 index reached … [Continue reading]
posted 9.28 a.m. est Pre-open comment Tuesday 26th April The 1327 (5month poc) support held during Monday's session and again overnight. ES printing below this level would be the first indication of ST weakness and so far this week this has … [Continue reading]
posted 8.55 a.m. est Pre-open comment Monday 25th April All of Thursday's session held above the 1327 (5month poc) support. If ES holds above this level at the start of this week it is in a strong position and February's high at 1337.75 … [Continue reading]
posted 9.29 a.m. est Pre-open comment Thursday 21st April ES gapped open on Wednesday but Responsive Sellers did not step in. Instead there was enough time spent at 1327 to migrate the 5month poc slightly lower to this level. This is now … [Continue reading]
posted 9.29 a.m. est Pre-open comment Wednesday 20th April Looks like my interpretation of the recent Buying Activity was uneccessarily over-complicated (see yesterday's pre-open comments). Fact is we had Significant Buyers marked for three … [Continue reading]
posted 9.29 a.m. est Pre-open comment Tuesday 19th April ES fell soon after the open on Monday but found Support (within the zone given) just above the 1/2R off February high. It is always helpful to ask the questions "who is Active?" and … [Continue reading]