Daily analysis - Stock Market, Bonds, Forex and more
posted 9.26 a.m. est Pre-open Wednesday 28th October Tuesday was a ranging day generating a narrower, overlapping/lower Value Area on increased (and above average) volume. Price action was centred around the poc at 1063/64 rather than … [Continue reading]
posted 8.58 a.m. est Pre-open Tuesday 27th October Monday's Value Area was overlapping/lower and wider. Volume was slightly less than Friday but above average. The early rally was halted at exactly the First Level Support/Resistance of 1088.5 … [Continue reading]
webcast - charts to 23rd October released for subscribers earlier in the week … [Continue reading]
posted 10.17 a.m. est Post-open Monday 26th October Following is the pre-open comment from last Monday (19th) and could describe the situation this Monday, almost exactly: >>Today’s First Level S/R at 1088.5 is the key for the start of … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 23rd October As expected we got the test of Wednesday's day session low but Buyers responded immediately (green-at-bottom) and auctioned ES quickly higher. Even so, Thursday's Value Area was lower and wider … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 22nd October ES opened below 1088 on Wednesday and immediately rallied above it. Following a test of Tuesday's high Significant Sellers responded (red at top) for the first time in eleven days, just below … [Continue reading]
webcast - charts to 16th October released for subscribers earlier in the week … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 21st October Last imbalance was Buying (green) and I never fade the last imbalance. Also, it's been 10 days now since I marked Significant Selling activity. With Tuesday looking like normal corrective … [Continue reading]
posted 9.25 a.m. est Pre-open Tuesday 20th October Monday's Value Area was built above any previous VA for this rally which is normally a positive (acceptance of value at higher levels) although the VA itself was narrower and generated less … [Continue reading]
posted 9.27 a.m. est Pre-open Monday 19th October The First Level Resistance at 1088.50 given pre-open Friday capped the upside in the day session (1088.25). I also said that I did not expect to mark Significant Buying on Friday for the … [Continue reading]