Daily analysis - Stock Market, Bonds, Forex and more
posted 9.22 a.m. est Pre-open Tuesday 8th June Significant Sellers were marked again on Monday. The Value Area was overlapping/lower, narrower and generated less volume so this was not Effective Selling as ES auctioned below the low (1070) of … [Continue reading]
posted 9.23 a.m. est Pre-open Monday 7th June Longframe: The CP Market Timing System was negative for the fifth consecutive week. Note that Friday's weak close meant that last week's structure was back to the bearish pattern of relative … [Continue reading]
posted 3.30 a.m. est Pre-open Thursday 3rd June Tuesday's low was not tested on Wednesday (8 out of 10 times a red-at-bottom low is tested the following day). This lack of follow-through was also seen late last week when the Buyers failed to … [Continue reading]
webcast 1st June … [Continue reading]
posted 9.30 a.m. est Pre-open Wednesday 2nd June All previous comments (highlighted on graphic) are relevant. Significant Selling marked again on Tuesday (red-at-bottom). Odds are that Tuesday's low (1068.50) will be tested today. 1082 … [Continue reading]
posted 8.20 a.m. est Pre-open Tuesday 1st June Price action on Thursday and Friday was centred close to 1094, the Major poc. Note also that the 25day poc at 1082 supported the price action. Following Significant Selling on Friday that level … [Continue reading]
posted 9.15 a.m. est Pre-open Friday 28th May In the a.m. on Thursday 1094 was intraday resistance and in the p.m. it was support. This is an indication of ST strength. Pre-open today ES has printed as high as 1106.75. Bulls would want to … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 27th May ES continues to print below the 1094 level but only just - see chart left. Pre-open ES has printed as high as 1092. Current sentiment readings (see below) are suggesting increasing likelihood … [Continue reading]
posted 4.55 a.m. est Pre-open Wednesday 26th May Buyers responded again on Tuesday (grren-at-bottom) but this was not Effective Buying (the Value Area was lower and wider on increased volume). As I emphasised in yesterday's webcast ES below … [Continue reading]
webcast 25th May … [Continue reading]