Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. est Pre-open Tuesday 22nd June Longframe: Indices including SP500, R2000, NasdaqComp, NyseComp found resistance at the 1/2R levels from the April high. ES 1/2R from April high is 1122.12 (dotted). LT investors would want to … [Continue reading]
posted 9.30 est Pre-open Monday 21st June Longframe: Long positions are eliminated for me because the ChartProfit Market Timing system stayed negative (red) for the seventh consecutive week. However the last daily imbalance was Buying … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 18th June ES made a good recovery after early weakness. Note that SPY is struggling to overcome its 1/2Bear Mkt level. ES 13dy poc at 1106.5 is First Level support. ES Major poc at 1094 is Second … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 17th June Wednesday's Value Area was higher and narrower on less volume. Very little to add to yesterday's comments. Major poc at 1094 is First Level support. First Level Resistance is 1122 on the … [Continue reading]
posted 5.40 a.m. est Pre-open Wednesday 16th June Aggressive Buyers were active on Tuesday (green-at-top). I apply my own strict criteria when classifying Buying or Selling activity as Effective. One of these is whether the Value Area is … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 15th June Significant Selling was marked on Monday. Sellers Responded at the high of the 20day Value Area (greyed), which is VAhigh=1101 and VAlow=1052. Monday's Value Area was Higher and Wider so this … [Continue reading]
posted 9.25 a.m. est Pre-open Monday 14th June Note: Following the September contract now. Longframe: The major Market Timing charts stayed negative for the sixth consecutive week. Dayframe: Significant Buying was marked on Thursday and … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 11th June Significant Buying was marked on Thursday but Value Area was overlapping/higher and narrower so this was not Effective Buying. There was a probe above the 1082 poc late in the day but pre-open … [Continue reading]
posted 6.50 a.m. est Pre-open Thursday 10th June Little change in the comment pre-open today. Worth noting that the centre of Wednesday's price action was 1064/65 - see Tuesday's comment. Dayframe: First Level Resistance today is the 1082 … [Continue reading]
posted 9.17 a.m. est Pre-open Wednesday 9th June Lower, wider Value Area on increased volume on Tuesday but a decent bounce in the pm. closing near the high of the day. Longframe: CP Mkt Timing system negative. Last marked imbalance was … [Continue reading]