Daily analysis - Stock Market, Bonds, Forex and more
posted 9.18 a.m. est Pre-open Monday 17th May Last week I marked Significant Selling twice and Significant Buying once. The last imbalance was Selling (red) on Thursday and that eliminates the long side for me at least until Effective Buying is … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 14th May yesterday: >>There is a good chance that ES will test down into that First Level Support today (1161.50) and this would be a good gauge of ST strength<< 1161.75 was the low until late … [Continue reading]
posted 9.22 a.m. est Pre-open Thursday 13th May There was Significant Buying marked on Wednesday but the Value Area was higher and narrower and volume was reduced so this was not Effective Buying. Price location is improved with ES now … [Continue reading]
posted 9.26 a.m. est Pre-open Wednesday 12th May Re: %Stocks>50dyma. Russell2000 index shows more than 50% stocks > 50dyma. Others indices, e.g. nyse, nasdaq, sp500, show numbers less than 50%. As I mentioned in the webcast yesterday … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 11th May Monday's day session high was 1161.75. As suspected ES is having a little trouble overcoming the 1161.50 resistance. Value Area was higher and narrower on less volume although was well above … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 10th May I'm not covering Sentiment or Supporting charts here - see webcast this a.m. Market action pre-open today has made that a little redundant. Let's concentrate on price and the important … [Continue reading]
webcast - charts to 30th April released for subscribers earlier in the week … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 7th May Thursday pre-open: >>If ES finds itself below 1161.50 during today's session it is in a weak position and I would anticipate it will be heading lower still<< ES spent a few minutes … [Continue reading]
posted 6.05 a.m. est Pre-open Thursday 6th May Applying my rules very strictly I have to mark active Significant Buyers yesterday - but only just. They Responded to a probe below the 1161.50 support. Problem I have is that my #1 dayframe rule … [Continue reading]
posted 9.10 a.m. est Pre-open Wednesday 5th May Early in Tuesday's session ES consolidated below the 1183.50 poc and then fell quickly towards the next level of support at 1161.50 (see Monday's pre-open comment). Pre-open today ES has edged … [Continue reading]