Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. est Pre-open Wednesday 3rd February Significant Buying was marked on Tuesday. This was more strength than I expected to see. There was no Response from the Sellers above 1096 (the high of six days value) and all of Tuesday's … [Continue reading]
posted 8.10 a.m. est Pre-open Tuesday 2nd February Monday generated another overlapping Value Area - very narrow on much reduced volume. The last four days have ranged between 1094 resistance and 1065 support. 1096 is the high of the 6day … [Continue reading]
posted 9.22 a.m. est Pre-open Monday 1st February Highlighted previous comments are relavant. Last week I marked two instances of Significant Selling and no Significant Buying. The week finished with Aggressive Selling (red-at-bottom) which … [Continue reading]
posted 9.27 a.m. est Pre-open Friday 29th January Thursday: Price opened just above the minor poc at 1096.5 (red dashed line) and was immediately rejected. Responsive Sellers (red-at-top) quickly autioned ES lower. This validates the area of … [Continue reading]
posted 9.24 a.m. est Pre-open Thursday 28th January On Wednesday there was a p.m. rally that took ES as high as the minor poc at 1096.5 (red dashed line) but overnight that resistance has been exceeded. Pre-open, support has been found just … [Continue reading]
webcast - charts to 22nd January released for subscribers earlier in the week … [Continue reading]
posted 5.40 a.m. est Pre-open Wednesday 27th January Price action was weak on Tuesday with all the a.m. gains from the open given up later in the session. An overlapping Value Area was generated and volume expanded. Typical weekly structure in a … [Continue reading]
posted 8 a.m. est Pre-open Tuesday 26th January Monday's day session was a narrow range/value area. This is a typical profile when a market prints close to a major poc - in this case the 10month poc at ES 1094. Sellers have quickly auctioned … [Continue reading]
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]