Daily analysis - Stock Market, Bonds, Forex and more
posted 8.20 a.m. est Pre-open Tuesday 1st June Price action on Thursday and Friday was centred close to 1094, the Major poc. Note also that the 25day poc at 1082 supported the price action. Following Significant Selling on Friday that level … [Continue reading]
posted 9.15 a.m. est Pre-open Friday 28th May In the a.m. on Thursday 1094 was intraday resistance and in the p.m. it was support. This is an indication of ST strength. Pre-open today ES has printed as high as 1106.75. Bulls would want to … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 27th May ES continues to print below the 1094 level but only just - see chart left. Pre-open ES has printed as high as 1092. Current sentiment readings (see below) are suggesting increasing likelihood … [Continue reading]
posted 4.55 a.m. est Pre-open Wednesday 26th May Buyers responded again on Tuesday (grren-at-bottom) but this was not Effective Buying (the Value Area was lower and wider on increased volume). As I emphasised in yesterday's webcast ES below … [Continue reading]
webcast 25th May … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 25th May ES didn't even manage a probe up to 1094 on Monday and closed weakly. As I suggested it might there has been another sharp sell-off and pre-open ES has been as low as 1036.75. The ST sentiment … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 24th May Same structure last week as previous week. Relative strength early in the week and relative weakness late in the week. This is typically a bearish weekly structure (see last Monday's comment, … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 21st May High on Thursday was 1094 and early in the session. This puts ES in a weak position and possibility of another sharp break (see comments from Monday, left). I cannot be long at least until … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 20th May Pre-open ES has probed below the Major Support at 1094 which I suggested (pre-open yesterday) was likely. This is the level to watch today. If ES opens below 1094 and quickly recovers back … [Continue reading]
posted 9.25 a.m. est Pre-open Wednesday 19th May I marked Significant Selling twice on Tuesday. I now have Red (negative) as the most recent mark on both weekly and daily timeframes. Long side is eliminated for me until I mark Effective … [Continue reading]