Daily analysis - Stock Market, Bonds, Forex and more
posted 4.30 a.m. est Pre-open Thursday 8th April There was no test of Tuesday's green-at-top high on Wednesday. 80% of the time a green-at-top high gets tested the following day. Also, Wednesday's low was lower than Tuesday's and it's rare to … [Continue reading]
posted 9.25 a.m. est Wednesday 7th April There was Aggressive Buying (green-at-top) on Tuesday. Wider (but overlapping) Value Area and increased volume (although volume was below average). Green-at-top strongly indicates that Tuesday's high … [Continue reading]
Tuesday 6th April New high this week for ES. Today heading up towards the 1190 target. Sentiment: AAII Bulls up from 32.4 to 41.3%; Bears down from 34.7 to 31.2%. Other public polls I follow have also shown increase in bullishness. ISEE … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 1st April ES made its low on Wednesday on the First Level S/R 1161.50 and rallied. That's a sign of ST strength. Wednesday's Value Area was overlapping, once again, building value with 1168 developing as … [Continue reading]
webcast - charts to 26th March released for subscribers earlier in the week … [Continue reading]
posted 9.25 a.m. est Pre-open Wednesday 31st March Tuesday's Value Area was wider but overlapping Monday's. Volume was up but well below average. ES is consolidating in a range with 1168 being the attractive price. This is a market waiting … [Continue reading]
posted 9.18 a.m. est Pre-open Tuesday 30th March Price around 1170 was resistance yesterday as anticipated. Buyers have now rested for four days at these higher levels looking for a response from the Sellers and so far there has been none. … [Continue reading]
posted 9.27 a.m. est Pre-open Monday 29th March Last week I marked Significant Buying three times. There was no Significant Selling. The poc at 1161.50 was developed further so this is still the obvious First Level S/R at the start of this … [Continue reading]
posted 7.20 a.m. est Pre-open Friday 26th March Note: yesterday's graphic was incorrectly dated, apologies. On the index charts yesterday's bar looks like a bearish reversal day but on the profile you can see that the Value Area was higher … [Continue reading]
posted 9 a.m. est Pre-open Thursday 25th March from webcast: "there is potential resistance up around 1171" 1161.50 did indeed provide support yesterday - that was the low. ES did not test the previous day's high but looks as though it will … [Continue reading]