Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Friday 28th August Thursday turned out to be an outside day as the Buyers turned the early sell-off around and auctioned ES back up above Wednesday's day session high. The low of the day did little more than probe … [Continue reading]
posted 10.29 a.m. est Post-open Thursday 27th August I was ready to post before the open as usual but not happy to do so. Market action was such that I delayed. After the open today QQQQ trades back below its Major 1/2 level (40.06). This is … [Continue reading]
This week's the Investors Intelligence poll shows that newsletter writers are very bullish. Bulls at 51.6% is the highest %Bulls since early January 2008 and Bears were down to 19.8%, the lowest reading since the market top in October … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 26th August Tuesday's First Level S/R at 1023 proved support overnight and again pre-open today ES has printed as low as 1022.50. Early in Tuesday's session a probe above Monday's high brought a … [Continue reading]
posted 9.26 a.m. est Pre-open Tuesday 25th August I marked Responsive Selling on Monday (red at top). The Value Area was overlapping/higher, wider and Monday's day session low only managed a probe down into Friday's poc - so this is not … [Continue reading]
webcast 21st August … [Continue reading]
posted 9.29 a.m. est Pre-open Monday 24th August Monitoring day to day as I have there have been no signs of Effective Selling in this analysis since the July low. Last week for example... I marked three instance of Significant Buying last … [Continue reading]
posted 9.27 a.m. est Pre-open Friday August 21st Analysis worked well for Thursday. The low of the session came very early at 994.25 and ES worked higher all day. Once again the weekly structure looks bullish with relative weakness coming … [Continue reading]
posted 9.25 a.m. est Pre-open Thursday 20th August The Buyers influence is obviously not in doubt just yet. Significant Buyers responded early on Wednesday and were active all day. Tuesday's high was more than tested as Buyers auctioned ES … [Continue reading]
webcast 19th August … [Continue reading]