Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Friday 16th October The Buyers have been active for the last three consecutive days. That's rare. This year I have never marked four consecutive days of Significant Buying activity and only twice have I marked … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 15th October Over the last four days I have marked four instances of Significant Buying. The gap up yesterday makes me hesitant to say that Wednesday's green-at-top high is "very" likely to be tested … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 14th October Significant Buyers responded on Tuesday at exactly 1063, the First Level S/R given pre-open yesterday. That was the test for the Sellers and ES failed even a price probe below that … [Continue reading]
posted 9.29 a.m. est Pre-open Tuesday 13th Oct Pre-open on Monday ES tested the September high. As yet there has been no follow through. Longframe the Breadth system is supportive of higher prices and dayframe the last imbalance was Buying … [Continue reading]
posted 9.29 a.m. est Pre-open Monday 12th October Last week the Significant Buyers showed surprising strength early in the week (as noted pre-open Tuesday) and took control of the dayframe. There was one instance of Significant Selling last … [Continue reading]
posted 9.30 a.m. est Pre-open Friday 9th October The 4wk poc migrated up to 1063 from 1059. That's the new reference level. A poc migrating up is usually a bullish event as it shows an acceptance of higher prices; but not always. It depends … [Continue reading]
posted 9.30 a.m. est Pre-open Thursday 8th October Pre-open today ES has printed as high as 1065.75. Do the Significant Sellers respond at this level as they did on Tue 29th (red at top) or is price accepted above the 4wk poc at 1059 which … [Continue reading]
posted 9.29 a.m. est Pre-open Tuesday 6th October I suggested yesterday that if the ES down auction was set to resume quickly any price probe above 1030 might well attract a Selling Response. We did see that early in the session but ES … [Continue reading]
posted 9.25 a.m. est Pre-open Monday 5th October Last week I marked two instances of Significant Selling and one of Significant Buying. On Friday Buyers Responded early in the session but the Value Area was overlapping/lower so this is … [Continue reading]
posted 9.26 a.m. est Pre-open Friday2nd October Day session high on Thursday was 1049.5 (see pre-open comment above) and ES auctioned swiftly lower. Significant Sellers were marked again, aggressively auctioning the market lower (red at … [Continue reading]