Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Wednesday 13th January Similar to last Thursday there was a brief probe below 1129 yesterday which was rejected. This confirms 1129 as "a good reference level for short term traders" as I described it a week ago. … [Continue reading]
posted 9.30 a.m. est Pre-open Tuesday 12th January Monday opened higher and met with selling immediately although my criteria doesn't allow me to mark it as significant. I cannot look for shorts as the most recent imbalance was Buying … [Continue reading]
posted 9.26 a.m. est Pre-open Monday 11th January Last week I marked three instances of Significant Buying activity and no Significant Selling activity. The low of the week was on Monday and the high on Friday with Friday closing above the … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 8th January Early in the week ES built value around 1129 establishing "a good reference level..for short term traders". There was a price probe below that level early in yesterday's session which was … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 7th January ES found low on Wednesday just above the First Level S/R at 1129 which means it is still "acting right" . Pre-open today ES has printed just below that level. Value Area was higher but … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 6th January Tuesday: ES built value centred around 1129, same level as poc on Monday. That gives a good reference level today for short term traders. Apart from the last day of 2009 (and that was … [Continue reading]
webcast - charts to 31st December released for subscribers earlier in the week … [Continue reading]
posted 9.29 a.m. est Pre-open Tuesday 5th January All highlighted previous comments on graphic are relevant. First Level S/R was 1118 on Monday and remains there today. Monday day session opened just above that level and drove … [Continue reading]
posted 9.15 a.m. est Pre-open Monday 4th January The First Level Resistance at 1123 given on Wednesday was probed on Thursday. In fact, Significant Sellers Responded at 1124 (red-at-top) and that was the day session high. Sellers were active … [Continue reading]
posted 9.03 a.m. est Pre-open Thursday 31st December The First Level Resistance at 1123 poc capped Wednesday's price action but pre-open (so far) today the low is 1123 - a minor sign of strength if ES can consolidate above that level. For … [Continue reading]