Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.28 a.m. est Pre-open Tuesday 25th May ES didn't even manage a probe up to 1094 on Monday and closed weakly. As I suggested it might there has been another sharp sell-off and pre-open ES has been as low as 1036.75. The ST sentiment … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 24th May Same structure last week as previous week. Relative strength early in the week and relative weakness late in the week. This is typically a bearish weekly structure (see last Monday's comment, … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 21st May High on Thursday was 1094 and early in the session. This puts ES in a weak position and possibility of another sharp break (see comments from Monday, left). I cannot be long at least until … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 20th May Pre-open ES has probed below the Major Support at 1094 which I suggested (pre-open yesterday) was likely. This is the level to watch today. If ES opens below 1094 and quickly recovers back … [Continue reading]
posted 9.25 a.m. est Pre-open Wednesday 19th May I marked Significant Selling twice on Tuesday. I now have Red (negative) as the most recent mark on both weekly and daily timeframes. Long side is eliminated for me until I mark Effective … [Continue reading]
posted 4.35 a.m. est Pre-open Tuesday 18th May I marked Significant Buying on Monday. This was not Effective Buying because the Value Area was overlapping. Overnight ES has recovered and currently (4a.m. est) prints back above 1136, the 1/2R … [Continue reading]
webcast 17th May … [Continue reading]