Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. est Pre-open Wednesday 23rd December As the SP500 index came close to breaking above its Bear Market 1/2half level (1121.5) investors appear to be very complacent about the risk of a market correction with the VIX closing at … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 22nd December From Monday's eBook "At these levels I would not consider shorts until I see Effective Selling below 1088.50 (which would turn me bearish)" The ISEE (equity only) Index came in at 231 which … [Continue reading]
webcast - charts to 18th December released for subscribers earlier in the week … [Continue reading]
posted 9.15 a.m. est Pre-open Monday 21st December Friday's low was exactly at the obvious support of 1088.50 poc. This is currently the most important level to watch. If this support should become resistance at some point this week then I … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 18th December The halfway point of the range since the Dec 4th high is 1097 (March contract). If ES finds it difficult to print above this level early in the session then we could see weakness to end this … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 17th December Note: Contract we're now following is March 2010 as of 15th December. ES found resistance again at the top of the five week trading range. The poc across this range is now 1105.5 which is … [Continue reading]
webcast - charts to 11th December released for subscribers earlier in the week … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 16th December No Significant Buying or Selling marked for four days now - we're due an appearance from one or the other. 1108 poc is still First Level S/R. As long as ES holds above there it's in a … [Continue reading]
posted 8.05 a.m. est Pre-open Tuesday 15th December ES found support just above 1108 early in the session on Monday - this is the important level near term being the poc of the trading range that began nearly five weeks ago. The top of that … [Continue reading]
posted 9.28 a.m. Pre-open Monday 14th December Last week I marked two instances of Significant Buying, both on Wednesday following an early test of the 1088.50 poc. Buyers were responding below three weeks Value but this is not yet Effective … [Continue reading]