Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Wednesday 30th June Aggressive Selling was marked on Tuesday. A red-at-bottom low usually gets tested the following day. Note the gap left yesterday. First Level Resistance is 1073. I cannot consider the long … [Continue reading]
webcast 29th June … [Continue reading]
posted 9.04 a.m. est Pre-open Tuesday 29th June I said pre-open yesterday that if the 30 day poc migrated lower to 1073 it "would indicate a test of last week's low at 1062.75 and most likely a test of the May low at 1032.75". During … [Continue reading]
posted 9.26 a.m. est Pre-open Monday 28th June Long positions are eliminated for me because the ChartProfit Market Timing system (weekly) stayed negative (red) for the eighth consecutive week. Last week was a "Monday-high-Friday-low" … [Continue reading]
posted 9.16 a.m. est Pre-open Friday 25th June You will notice that the resistance levels I've been posting this week (highlighted on graphic) have been very close to the highs each day. This is a clear indication of dayframe … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 24th June On Wednesday there was a single probe above the 1094 poc in the p.m. which was immediately rejected. This emphasises the validity of this level. Dayframe: weakness in the ST would be … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 23rd June There were two failed price probes above the 20dy poc at 1111 on Tuesday. This rejection was followed by a swift decline to test the 1094 poc support taking out Tuesday's red-at-bottom low as … [Continue reading]
webcast 18th June … [Continue reading]
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]