Daily analysis - Stock Market, Bonds, Forex and more
posted 8.05 a.m. est Pre-open Tuesday 15th December ES found support just above 1108 early in the session on Monday - this is the important level near term being the poc of the trading range that began nearly five weeks ago. The top of that … [Continue reading]
posted 9.28 a.m. Pre-open Monday 14th December Last week I marked two instances of Significant Buying, both on Wednesday following an early test of the 1088.50 poc. Buyers were responding below three weeks Value but this is not yet Effective … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 11th December ES has been trading in a range since early November. The poc for that period is 1108 which is First Level S/R today. Buyers Responded on Wednesday at the bottom of the range, below value … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 10th December On Wednesday Significant Buyers were marked Responding below three weeks Value (see Tuesday comments) and again in the p.m. This is not yet Effective Buying (Value Area was lower and … [Continue reading]
posted 9.24 a.m. est Pre-open Wednesday 9th December The options ratios and Rydex assets data have not indicated an increase in fear among the smaller traders this week. That usually means more downside but the 1088.50 poc has so far provided … [Continue reading]
posted 9.27 a.m. est Pre-open Tuesday 8th December ES spent Monday in a tight range, the Value Area was narrow and the volume was low. Main point is that ES did not manage to consolidate above 1108 (see yesterday's comments … [Continue reading]
webcast - charts to 4th December released for subscribers earlier in the week … [Continue reading]
posted 9.20 a.m. Pre-open Monday 7th December ES rallied into the 273/182 time pivot (around 4th December) discussed in the webcast last week. This is a potential turning point in time. Last week's Value Area was overlapping/higher. The … [Continue reading]
posted 9.15 a.m. est Pre-open Friday 4th December On Thursday I marked Responsive Selling (red-at-top) above 1115 for the second time this week and also Aggressive Selling (red-at-bottom). Thursday's Value Area was overlapping Wednesday's so … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 3rd December A new high on Wednesday for ES met with Responsive Selling (red-at-top) and we're into the 273/182dy time pivot discussed in the webcast (a potential turning point in time). The recent poc … [Continue reading]