Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.28 a.m. est Pre-open Friday 11th December ES has been trading in a range since early November. The poc for that period is 1108 which is First Level S/R today. Buyers Responded on Wednesday at the bottom of the range, below value … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 10th December On Wednesday Significant Buyers were marked Responding below three weeks Value (see Tuesday comments) and again in the p.m. This is not yet Effective Buying (Value Area was lower and … [Continue reading]
posted 9.24 a.m. est Pre-open Wednesday 9th December The options ratios and Rydex assets data have not indicated an increase in fear among the smaller traders this week. That usually means more downside but the 1088.50 poc has so far provided … [Continue reading]
posted 9.27 a.m. est Pre-open Tuesday 8th December ES spent Monday in a tight range, the Value Area was narrow and the volume was low. Main point is that ES did not manage to consolidate above 1108 (see yesterday's comments … [Continue reading]
webcast - charts to 4th December released for subscribers earlier in the week … [Continue reading]