Daily analysis - Stock Market, Bonds, Forex and more
Wednesday's RTH closed below Friday's Buying Day Low which puts the ST bull case in doubt, see Monday's note. also from that note: time below 4524 (7mn Control) would be unexpected and weaken the Bullish scenario. Bulls would want to see 4570 … [Continue reading]
Technically, last week finished positively and although there has been a slight retracement at the start of this week with ES continuing to "like" 4570 (see previous notes) there has been no clear sign of weakness. … [Continue reading]
In Friday's note I wrote I was looking for a Value Area above 4570 to signal the next leg higher. That's what we saw on Friday, see chart. A RTH close below 4562.5 (Friday's Buying Day low) would put this in doubt and imo time below 4524 (7mn … [Continue reading]
price is consolidating around 4570 - I'm looking for a Value Area above that level to signal next leg higher or one below 4524 (7mn Control) as an indication of weakness. … [Continue reading]
Today, price has convincingly exceeded 4570. As mentioned previously, first sign of weakness would be time back below 4524, the 7mn Control. … [Continue reading]
From yesterday's note: Today, price relative to 4570.0 is worth monitoring as minor Support/Resistance. 4570.0 was the exact high yesterday. There is Support around 4524, the 7mn Control. First sign of weakness would be time back below that … [Continue reading]
ES held above 4524, the 7mn Control, last week which is a further positive for the bull trend. First sign of weakness in the longer timeframe would be time back below that level. Today, price relative to 4570.0 is worth monitoring as minor … [Continue reading]
Three VAs generated above 4524, the 7mn Control. That's a further positive for the bull trend. First sign of weakness would be time back below that level. Today, price relative to 4570.0 is worth monitoring as minor Support/Resistance. … [Continue reading]
Two Value Areas generated above 4524, the 7mn Control. That's a further positive for the bull trend. First sign of weakness would be time back below that level. … [Continue reading]
from yesterday's note: the VAH at 4521..is no longer valid. This was on a 7mn timeframe. But.. looking back at a much longer time period on a weekly chart this area of price does represent a major VAH. So as per note on 11/15, Rejection is common … [Continue reading]