Daily analysis - Stock Market, Bonds, Forex and more
posted 9.22 a.m. est Pre-open Monday 12th April Friday's First Level S/R at 1183.50 proved support. Going into this week that 5day poc is the first reference level. The're's enough Bulls for a top (see below) but ES is still showing … [Continue reading]
webcast - charts to 6th April released for subscribers earlier in the week … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 9th April I said yesterday that the "First indication of a trend change comes when poc levels become resistance rather than support". That did not happen on Thursday. ES spent the whole day rallying (after … [Continue reading]
posted 4.30 a.m. est Pre-open Thursday 8th April There was no test of Tuesday's green-at-top high on Wednesday. 80% of the time a green-at-top high gets tested the following day. Also, Wednesday's low was lower than Tuesday's and it's rare to … [Continue reading]
posted 9.25 a.m. est Wednesday 7th April There was Aggressive Buying (green-at-top) on Tuesday. Wider (but overlapping) Value Area and increased volume (although volume was below average). Green-at-top strongly indicates that Tuesday's high … [Continue reading]
Tuesday 6th April New high this week for ES. Today heading up towards the 1190 target. Sentiment: AAII Bulls up from 32.4 to 41.3%; Bears down from 34.7 to 31.2%. Other public polls I follow have also shown increase in bullishness. ISEE … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 1st April ES made its low on Wednesday on the First Level S/R 1161.50 and rallied. That's a sign of ST strength. Wednesday's Value Area was overlapping, once again, building value with 1168 developing as … [Continue reading]
webcast - charts to 26th March released for subscribers earlier in the week … [Continue reading]
posted 9.25 a.m. est Pre-open Wednesday 31st March Tuesday's Value Area was wider but overlapping Monday's. Volume was up but well below average. ES is consolidating in a range with 1168 being the attractive price. This is a market waiting … [Continue reading]
posted 9.18 a.m. est Pre-open Tuesday 30th March Price around 1170 was resistance yesterday as anticipated. Buyers have now rested for four days at these higher levels looking for a response from the Sellers and so far there has been none. … [Continue reading]