Daily analysis - Stock Market, Bonds, Forex and more
posted 9.22 a.m. est Pre-open Monday 1st February Highlighted previous comments are relavant. Last week I marked two instances of Significant Selling and no Significant Buying. The week finished with Aggressive Selling (red-at-bottom) which … [Continue reading]
posted 9.27 a.m. est Pre-open Friday 29th January Thursday: Price opened just above the minor poc at 1096.5 (red dashed line) and was immediately rejected. Responsive Sellers (red-at-top) quickly autioned ES lower. This validates the area of … [Continue reading]
posted 9.24 a.m. est Pre-open Thursday 28th January On Wednesday there was a p.m. rally that took ES as high as the minor poc at 1096.5 (red dashed line) but overnight that resistance has been exceeded. Pre-open, support has been found just … [Continue reading]
webcast - charts to 22nd January released for subscribers earlier in the week … [Continue reading]
posted 5.40 a.m. est Pre-open Wednesday 27th January Price action was weak on Tuesday with all the a.m. gains from the open given up later in the session. An overlapping Value Area was generated and volume expanded. Typical weekly structure in a … [Continue reading]
posted 8 a.m. est Pre-open Tuesday 26th January Monday's day session was a narrow range/value area. This is a typical profile when a market prints close to a major poc - in this case the 10month poc at ES 1094. Sellers have quickly auctioned … [Continue reading]
posted 9.28 a.m. ets Pre-open Monday 25th January Friday's Value Area was lower and wider on increased volume. Again that's Effective Selling. ES spent plenty of time below 1108 early in the session and as anticipated that price action was … [Continue reading]
posted 7.57 a.m. est Pre-open Friday 22nd January ES spent very little time above 1135 after the open on Thursday before Significant Sellers responded (red at top) and auctioned price quickly lower. In fact quickly below the poc support at … [Continue reading]
posted 9.29 a.m. est Pre-open Thursday 21st January 80% of the time a green-at-top high gets tested the following day (Tuesday's was not) and 90% get tested within two days (we'll see). Whether it does or not the fact that the last imbalance … [Continue reading]
posted 7.05 a.m. est Pre-open Wednesday 20th January Ninety minutes before open on Tuesday ES tested below 1127 (bottom of cumulative Value Area since the start of the year) and rallied strongly. Buyers are obviously still in control and alert … [Continue reading]