Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. Pre-open Friday 17th September Significant Buyers were marked again on Thursday, aggressively auctioning ES higher in the p.m. Dayframe: First Level Support is ES 1117 which is the minor 4day poc. Short Trades are now … [Continue reading]
Pre-open Thursday 16th September Significant Buyers were marked on Wednesday Responding below the lows of Monday and Tuesday. If there is a strong end to the week I would expect the CP Market Timing System to turn positive. Dayframe: If ES … [Continue reading]
posted 8.57 a.m. est Pre-open Wednesday 15th September Note: we're following the ES December contract now. One of the conditions that has to be met before I can mark Significant Buying is ES has to close above fifty percent of the day … [Continue reading]
webcast 14th September … [Continue reading]
posted 9.27 a.m. est Pre-open Tuesday 14th September Monday was the third gap up day since the August low. Gap up days following a low are often an indication of short covering rather than strong buying. A probe lower to test the 1107 1/2R … [Continue reading]
posted 9.25 a.m. est Pre-open Monday 13th September Longframe: Long positions are still eliminated for me. The ChartProfit Market Timing System stayed negative for the nineteenth consecutive week. Pre-open ES is printing well above 1107 … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 10th September Dayframe: In this timeframe I apply my #1 Rule of "never fading the last imbalance" and although it is sometimes frustrating (see Wednesday) in the long run it pays off. As of close yesterday … [Continue reading]
posted 8.35 a.m. est Pre-open Thursday 9th September Dayframe: Most recent imbalance is now Buying (green) so Short trades are eliminated for me. Tuesday's Selling was not Effective but, based on stats, I expected a test of that session low … [Continue reading]
webcast 8th September … [Continue reading]
posted 7.35a.m. est Pre-open Wednesday 8th September Dayframe: Most recent imbalance is now Selling (red) and therefore a test of Tuesday's low is likely during today's session. ES spent most time on Tuesday printing at the Major poc at … [Continue reading]