Daily analysis - Stock Market, Bonds, Forex and more
30 minutes in to RTH. I wrote yesterday that 3844.50 "is minor Support so time below this level would indicate further weakness". That's what we're seeing with ES currently printing around 3720. There is 3mn Support at 3689. … [Continue reading]
30 minutes in to RTH as I write. I wrote yesterday "If 3891 is held early I'm targeting 3950; if not, then I expect 3844.50 to be tested". 3891 did not hold early in the session and ES declined. So far in today's session, 3844.50 is the low. … [Continue reading]
30 minutes in to RTH. The minor Control remains at 3844.5 = Support. If 3891 is held early I'm targeting 3950; if not, then I expect 3844.50 to be tested. … [Continue reading]
The minor Control remains at 3844.5 and is Support at the start of this week. Friday's rally lifted ES back to the 3900 area where it hasn't been since 09/21. As I wrote on Thursday "I'm expecting 3900 area to attract time at some point". … [Continue reading]
Minor Control is at 3844.5. ES couldn't hold that level as Support in Thu RTH - now Resistance. Minor Support today is at 3799.0. … [Continue reading]
Minor Control is at 3844.5. ST scenarios: Min Control migrates slightly higher to 3851.5 and ES holds it = indication to 3900. Doesn't hold it = ST weakness. LT: I'm expecting 3900 area to attract time at some point. … [Continue reading]
Early in Tues RTH, ES broke above 3822 which I wrote would be ST bullish, see yesterday's note. Today there is ST Support at 3799. … [Continue reading]
On Monday ES printed time above 3780, the min VAH, which is a positive, see yday's note. A break above 3822, would be bullish ST - if that doesn't happen early RTH today then I would expect 3776 to be printed. … [Continue reading]
On Friday, ES found Support at the 3689 minor Control, and rallied - see arrow. For Bulls that Support needs to hold. The min VAH is at 3780 and time at that level or above would be ST bullish. … [Continue reading]
ST Support at 3689 (minor control) was broken in yesterday's RTH, now Resistance. Not interested in longs below that level. Pre-RTH today, ES has printed below 3645. … [Continue reading]