Daily analysis - Stock Market, Bonds, Forex and more
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]
webcast - charts to 30th October released for subscribers earlier in the week … [Continue reading]
posted 9.29 a.m. est Pre-open Tuesday 3rd November Monday's Value Area was overlapping/lower and narrower on reduced volume. There was no Significant Buying or Selling marked. The early rally failed at the first resistance reached which was … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 2nd November Last week I marked one instance of Significant Buying and two of Significant Selling. There were two obvious resistance levels highlighted as important last week which represented tests of … [Continue reading]
posted 9.29.a.m. est Pre-open Friday 30th October Wednesday's red-at-bottom low was not tested during Thursday's day session, (4 out of 5 get tested the following day). Also it is very rare to see a day of Effective Buying immediately … [Continue reading]