Daily analysis - Stock Market, Bonds, Forex and more
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]
webcast - charts to 25th December released for subscribers earlier in the week … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 30th December Overnight ES probed down to 1113 which is just below the low of 5daysVA (5 days cumulative value area) and is also the high of the recent six week trading range. I would expect Buyers to … [Continue reading]