Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. ets Pre-open Monday 25th January Friday's Value Area was lower and wider on increased volume. Again that's Effective Selling. ES spent plenty of time below 1108 early in the session and as anticipated that price action was … [Continue reading]
posted 7.57 a.m. est Pre-open Friday 22nd January ES spent very little time above 1135 after the open on Thursday before Significant Sellers responded (red at top) and auctioned price quickly lower. In fact quickly below the poc support at … [Continue reading]
posted 9.29 a.m. est Pre-open Thursday 21st January 80% of the time a green-at-top high gets tested the following day (Tuesday's was not) and 90% get tested within two days (we'll see). Whether it does or not the fact that the last imbalance … [Continue reading]
posted 7.05 a.m. est Pre-open Wednesday 20th January Ninety minutes before open on Tuesday ES tested below 1127 (bottom of cumulative Value Area since the start of the year) and rallied strongly. Buyers are obviously still in control and alert … [Continue reading]
webcast - charts to 15th January released for subscribers earlier in the week … [Continue reading]
posted 8.55 a.m. est Pre-open Tuesday 19th January Last week I marked one instance of Significant Buying and no Significant Selling. The support level at 1129 held up but ES probes that level again pre-open today. As discussed in this … [Continue reading]
posted 8.05 a.m. est Pre-open Friday 15th January Thursday's Value Area was higher and narrower and volume was relatively low. That's not obviously facilitating trade higher. Pre-open today ES has printed down to test the 1/2Range off … [Continue reading]
posted 5.30 a.m. est Pre-open Thursday 14th January The support at 1129 that I have marked for a week now held again on Wednesday - the low was 1129.25. This is the market still "acting right", i.e. not printing any value below obvious … [Continue reading]
webcast - charts to 8th January released for subscribers earlier in the week … [Continue reading]
