Daily analysis - Stock Market, Bonds, Forex and more
posted 8.55 a.m. est Pre-open Tuesday 4th May Yesterday's comments are relevant. First Level Support at 1183.50 and First Level Resistance at 1202.5 pretty much capped the low and high on Monday so there was no clue to the strength of … [Continue reading]
posted 9.30 a.m. est Pre-open Monday 3rd May Last week I marked two instances of Significant Selling and no Significant Buying. This was the first Significant Selling in six weeks. As noted pre-open Friday, the poc (from the start of April) … [Continue reading]
posted 9.27 a.m. est Pre-open Friday 30th April Thursday's Value Area was higher and narrower on reduced Volume. Support (1/2R off Monday's high) held shortly after the open and ES rallied from there. The poc from the start of April has moved … [Continue reading]
posted 9.25 a.m. est Pre-open Thursday 29th April Wednesday's Value Area was overlapping/lower and narrower. Volume was less than Tuesday but still well above the 20dy average. Dayframe: If ES is going higher in the ST then the 1/2R from … [Continue reading]
webcast - charts to 26th April released for subscribers earlier in the week … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 28th April Tuesday's Value Area was lower and wider and volume was high. I marked Significant Selling for the first time in nearly six weeks. Initially there was support at 1183.50 but later in the day … [Continue reading]
posted 9.26 a.m. est Pre-open Tuesday 27th April Monday's Value Area was higher and narrower generating less volume. ES looks set to open below 1205 - I'll be interested to see if ES can recover this level quickly or if it becomes … [Continue reading]
posted 9.22 a.m. est Pre-open Monday 26th April Last week I marked Significant Buying six times and no Significant Selling. The Buyers continue to dominate; e.g. on Thursday they responded aggressively when price tested 1186.50, which was the … [Continue reading]
posted 9.30 a.m. est Pre-open Friday 23rd April On Thursday Significant Buyers Responded (green-at-bottom) above 1183.50 and Aggressively auctioned ES higher (green-at-top) to test First Level Resistance at 1204. Since 9th April this chart … [Continue reading]
posted 8.15 a.m. est Pre-open Thursday 22nd April Very interesting session on Wednesday. The low was exactly on yesterday's First Level S/R at 1195 (dotted). However, during the session the minor poc (10day) migrated higher to 1204 and … [Continue reading]