Daily analysis - Stock Market, Bonds, Forex and more
posted 7.50 a.m. est Pre-open Wednesday 15th July There wasn't much follow through on Tuesday. The Value Area was higher and narrower on less volume and that's not usually good for continuation higher, at least not immediately. On the hourly … [Continue reading]
posted 9.25 a.m. est Pre-open Tuesday 14th July Since I made the comment pre-open Thursday that 878 may well attract time, ES has in fact spent more time at 878 than any other level. I saw that as a negative development but on Monday I marked … [Continue reading]
posted 9.25 a.m. est from pre-open comment Thursday 9th July >>878 may well attract time - that would be a negative if it does. << from pre-open comment Friday 10th July >>The last imbalance was Selling (red) on Tuesday and … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 10th July Wednesday's Value Area was lower and wider on increased volume. Thursday's Value Area was higher and narrower on decreased volume. That is not usually a positive indication. The last imbalance … [Continue reading]
posted 9.29 a.m. Pre-open Thursday 9th July Wednesday's Value Area was lower and wider on increased volume. The major poc support at 870 was tested and recovered. Low on SPY was exactly 87.0 The odds would suggest that this week's SP500 … [Continue reading]
posted 9.13 a.m. est Pre-open Wednesday 8th July The break below Monday's controlling price just below 890 early in Tuesday's session indicated weakness and the direction for the rest of the day. My numbers had suggested that Monday's high … [Continue reading]
webcast 3rd July … [Continue reading]
posted 9.08 a.m. est Pre-open Tuesday 7th July Longframe: Significant Buyers were active on Monday but the Value Area was lower so this is not Effective Buying. This is more likely Sellers Resting forcing a response from the Buyers. As of … [Continue reading]
posted 9.20 a.m. Pre-open Monday 6th July 907.25 was the day session high on Thursday, just below the First Level S/R at 907.5 Last week I marked two instances of Significant Selling and no Significant Buying. Pre-open today (Monday) ES / … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 2nd July from pre-open comment Friday 26th Jun >>It will now be very interesting to see how the Sellers Respond to this latest appearance by the Buyers. Personally I will be struggling to obey my … [Continue reading]