Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. est Pre-open Friday 16th April First Level S/R is the 5day poc at 1195. Wednesday's green-at-top high was exceeded as expected but there's too much complacency and a lot of public Bulls (see below). I'm staying bullish for … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 15th April Significant Buyers were active again on Wednesday, Aggressively (green-at-top) auctioning ES to a new high. The high of a green-at-top day is tested during the following session 80% of the … [Continue reading]
posted 9.25 a.m. est Pre-open Wednesday 14th April Significant Buyers were active again on Tuesday. There has been no Significant Selling marked since 19th March. Buyers Responded just above First Level support at 1183.50 and were active … [Continue reading]
posted 9.27 a.m. est Pre-open Tuesday 13th April From yesterday's ebook "let's assume higher until price gives us an indication of weakness. Marking Significant Sellers on the ES profile below 1183.50 would be a start." Monday generated a … [Continue reading]
posted 9.22 a.m. est Pre-open Monday 12th April Friday's First Level S/R at 1183.50 proved support. Going into this week that 5day poc is the first reference level. The're's enough Bulls for a top (see below) but ES is still showing … [Continue reading]
webcast - charts to 6th April released for subscribers earlier in the week … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 9th April I said yesterday that the "First indication of a trend change comes when poc levels become resistance rather than support". That did not happen on Thursday. ES spent the whole day rallying (after … [Continue reading]
posted 4.30 a.m. est Pre-open Thursday 8th April There was no test of Tuesday's green-at-top high on Wednesday. 80% of the time a green-at-top high gets tested the following day. Also, Wednesday's low was lower than Tuesday's and it's rare to … [Continue reading]
posted 9.25 a.m. est Wednesday 7th April There was Aggressive Buying (green-at-top) on Tuesday. Wider (but overlapping) Value Area and increased volume (although volume was below average). Green-at-top strongly indicates that Tuesday's high … [Continue reading]
Tuesday 6th April New high this week for ES. Today heading up towards the 1190 target. Sentiment: AAII Bulls up from 32.4 to 41.3%; Bears down from 34.7 to 31.2%. Other public polls I follow have also shown increase in bullishness. ISEE … [Continue reading]