Daily analysis - Stock Market, Bonds, Forex and more
posted 8.55 a.m. est Pre-open Tuesday 19th January Last week I marked one instance of Significant Buying and no Significant Selling. The support level at 1129 held up but ES probes that level again pre-open today. As discussed in this … [Continue reading]
posted 8.05 a.m. est Pre-open Friday 15th January Thursday's Value Area was higher and narrower and volume was relatively low. That's not obviously facilitating trade higher. Pre-open today ES has printed down to test the 1/2Range off … [Continue reading]
posted 5.30 a.m. est Pre-open Thursday 14th January The support at 1129 that I have marked for a week now held again on Wednesday - the low was 1129.25. This is the market still "acting right", i.e. not printing any value below obvious … [Continue reading]
webcast - charts to 8th January released for subscribers earlier in the week … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 13th January Similar to last Thursday there was a brief probe below 1129 yesterday which was rejected. This confirms 1129 as "a good reference level for short term traders" as I described it a week ago. … [Continue reading]
posted 9.30 a.m. est Pre-open Tuesday 12th January Monday opened higher and met with selling immediately although my criteria doesn't allow me to mark it as significant. I cannot look for shorts as the most recent imbalance was Buying … [Continue reading]
posted 9.26 a.m. est Pre-open Monday 11th January Last week I marked three instances of Significant Buying activity and no Significant Selling activity. The low of the week was on Monday and the high on Friday with Friday closing above the … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 8th January Early in the week ES built value around 1129 establishing "a good reference level..for short term traders". There was a price probe below that level early in yesterday's session which was … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 7th January ES found low on Wednesday just above the First Level S/R at 1129 which means it is still "acting right" . Pre-open today ES has printed just below that level. Value Area was higher but … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 6th January Tuesday: ES built value centred around 1129, same level as poc on Monday. That gives a good reference level today for short term traders. Apart from the last day of 2009 (and that was … [Continue reading]