Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. est Pre-open Tuesday 17th November Dayframe: Monday gap up again. Value Area was higher and narrower. More volume was generated than Friday but slightly below the recent average. I will wait for Buyers to be marked (green) … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 16th November Friday didn't quite see the test of Thursday's day session low that was expected. Last week I marked one instance of Significant Buying and two instances of Significant Selling. The poc … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 13th November I marked Aggressive Selling on Thursday (red-at-bottom). Therefor we should expect Thursday's day session low (1082.5) to be tested today (8 out of ten occurence). Value Area was … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 12th November I marked Significant Sellers for the first time in eight days - Responsive Selling as ES tested the October high above 1100. I also note that for three consecutive days the ISEE (equity … [Continue reading]
posted 4.35 a.m. est Pre-open Wednesday 11th November Tuesday was a consolidation day with an overlapping/higher Value Area generating less volume. That pattern doesn't always imply good trade facilitation higher but all of Tuesday's day … [Continue reading]
posted 9.24 a.m. est Pre-open Tuesday 10th November Buyers were active (green-at-top) on Monday and the Value Area was higher and wider (taller) than Friday's which indicates this was Effective Buying. As you know 80% of the time a green-at-top … [Continue reading]
posted 9.29 a.m. est Pre-open Monday 9th November Last week I marked three instances of Significant Buying and no Significant Selling. Last week's price action indicates nothing more than a Response from the Buyers bringing ES back to value … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 6th November On Thursday ES spent very little time after the open below 1052.5. Sellers did not respond early and as I suggested yesterday (see above) that would likely mean that Buyers would be marked, … [Continue reading]
posted 9.30 a.m. est Pre-open Thursday 5th November All previous comments reproduced here are relevant. 1038.50 remains First Level S/R. Overnight ES probed down to that level (1039) and rallied, currently pre-open testing Wednesday's poc at … [Continue reading]
posted 9.20 a.m. est Pre-open Wednesday 4th November Tuesday was an inside day with a narrower, overlapping Value Area. The day session high was 1043, just below the top of the previous 2days summated Value Area which I suggested might limit … [Continue reading]