Daily analysis - Stock Market, Bonds, Forex and more
posted 9.24 a.m. est Pre-open Wednesday 14th July Tuesday's day session high probed up into the Major poc at 1094. This is the most important level to monitor. There was a day session gap up to open. Value Area was higher but last three … [Continue reading]
posted 9.29 a.m. est Pre-open Tuesday 13th July As ES approached the 3month poc at 1073 it has slowed - note the narrowing Value Areas. But 1073 has not been obvious resistance - in fact on Monday ES built the poc further, see chart. So the … [Continue reading]
posted 9.23 a.m. est Pre-open Monday 12th July Significant Buyers were active last week aggressively auctioning ES higher - to the frustration of those who cut longs or took short positions when the SP500 broke 1040. Friday closed near the … [Continue reading]
posted 7.35 a.m. est Pre-open Friday 9th July Thursday saw some weakness following a stronger open but there was no follow through downside. ES closed strong after a p.m. rally. First Level Resistance is 1073 (poc). This may be a problem … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 7th July All of Wednesday's session took place above the First Level S/R at 1023 (5day poc). Aggressive Buyers (green-at-top) auctioned ES higher and pre-open ES has printed as high as 1066. Strictly … [Continue reading]
webcast 7th July … [Continue reading]
posted 8.15 a.m. est Pre-open Wednesday 7th July On Tuesday, following a positive opening, Significant Sellers Responded early in the session and auctioned ES quickly back to the 1023 minor poc. Price action is still weak suggesting the market … [Continue reading]
posted 9.23 a.m. est Pre-open Tuesday 6th July Longframe: Long positions are eliminated for me because the ChartProfit Market Timing system (weekly) stayed negative (red) for the ninth consecutive week. Dayframe: Sellers are still in … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 2nd July Wednesday's red-at-bottom low was tested yesterday. SPX hit a new 9month low. In Tuesday's webcast I mentioned four charts that were the most important to monitor this week: Nasdaq Comp, IWM, … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 31st July Tuesday's red-at-bottom low was tested yesterday with more Aggressive Selling (red-at-bottom) which now indicates that Wednesday's low will be tested during today's session. First Level … [Continue reading]