Daily analysis - Stock Market, Bonds, Forex and more
posted 9.16 a.m. est Pre-open Friday 25th June You will notice that the resistance levels I've been posting this week (highlighted on graphic) have been very close to the highs each day. This is a clear indication of dayframe … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 24th June On Wednesday there was a single probe above the 1094 poc in the p.m. which was immediately rejected. This emphasises the validity of this level. Dayframe: weakness in the ST would be … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 23rd June There were two failed price probes above the 20dy poc at 1111 on Tuesday. This rejection was followed by a swift decline to test the 1094 poc support taking out Tuesday's red-at-bottom low as … [Continue reading]
webcast 18th June … [Continue reading]
posted 9.27 a.m. est Pre-open Tuesday 22nd June Longframe: Indices including SP500, R2000, NasdaqComp, NyseComp found resistance at the 1/2R levels from the April high. ES 1/2R from April high is 1122.12 (dotted). LT investors would want to … [Continue reading]
posted 9.30 est Pre-open Monday 21st June Longframe: Long positions are eliminated for me because the ChartProfit Market Timing system stayed negative (red) for the seventh consecutive week. However the last daily imbalance was Buying … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 18th June ES made a good recovery after early weakness. Note that SPY is struggling to overcome its 1/2Bear Mkt level. ES 13dy poc at 1106.5 is First Level support. ES Major poc at 1094 is Second … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 17th June Wednesday's Value Area was higher and narrower on less volume. Very little to add to yesterday's comments. Major poc at 1094 is First Level support. First Level Resistance is 1122 on the … [Continue reading]
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]