Daily analysis - Stock Market, Bonds, Forex and more
posted 9.25 a.m. est Pre-open Friday 7th May Thursday pre-open: >>If ES finds itself below 1161.50 during today's session it is in a weak position and I would anticipate it will be heading lower still<< ES spent a few minutes … [Continue reading]
posted 6.05 a.m. est Pre-open Thursday 6th May Applying my rules very strictly I have to mark active Significant Buyers yesterday - but only just. They Responded to a probe below the 1161.50 support. Problem I have is that my #1 dayframe rule … [Continue reading]
posted 9.10 a.m. est Pre-open Wednesday 5th May Early in Tuesday's session ES consolidated below the 1183.50 poc and then fell quickly towards the next level of support at 1161.50 (see Monday's pre-open comment). Pre-open today ES has edged … [Continue reading]
posted 8.55 a.m. est Pre-open Tuesday 4th May Yesterday's comments are relevant. First Level Support at 1183.50 and First Level Resistance at 1202.5 pretty much capped the low and high on Monday so there was no clue to the strength of … [Continue reading]
posted 9.30 a.m. est Pre-open Monday 3rd May Last week I marked two instances of Significant Selling and no Significant Buying. This was the first Significant Selling in six weeks. As noted pre-open Friday, the poc (from the start of April) … [Continue reading]
posted 9.27 a.m. est Pre-open Friday 30th April Thursday's Value Area was higher and narrower on reduced Volume. Support (1/2R off Monday's high) held shortly after the open and ES rallied from there. The poc from the start of April has moved … [Continue reading]
posted 9.25 a.m. est Pre-open Thursday 29th April Wednesday's Value Area was overlapping/lower and narrower. Volume was less than Tuesday but still well above the 20dy average. Dayframe: If ES is going higher in the ST then the 1/2R from … [Continue reading]
webcast - charts to 26th April released for subscribers earlier in the week … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 28th April Tuesday's Value Area was lower and wider and volume was high. I marked Significant Selling for the first time in nearly six weeks. Initially there was support at 1183.50 but later in the day … [Continue reading]
posted 9.26 a.m. est Pre-open Tuesday 27th April Monday's Value Area was higher and narrower generating less volume. ES looks set to open below 1205 - I'll be interested to see if ES can recover this level quickly or if it becomes … [Continue reading]