Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Thursday 19th November On Wednesday ES further consolidated the poc at 1106 in a low volume, narrow Value Area. Both Tuesday and Wednesday were spent within Monday's range. This pattern has a habit of resolving in … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 18th November Yesterday's comments are relevant. The day session high on Tuesday was 1109 - just above the First Level Resistance marked yesterday at 1108.50. Following Monday's gap higher I marked … [Continue reading]
webcast - charts to 13th November released for subscribers earlier in the week … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 17th November Dayframe: Monday gap up again. Value Area was higher and narrower. More volume was generated than Friday but slightly below the recent average. I will wait for Buyers to be marked (green) … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 16th November Friday didn't quite see the test of Thursday's day session low that was expected. Last week I marked one instance of Significant Buying and two instances of Significant Selling. The poc … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 13th November I marked Aggressive Selling on Thursday (red-at-bottom). Therefor we should expect Thursday's day session low (1082.5) to be tested today (8 out of ten occurence). Value Area was … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 12th November I marked Significant Sellers for the first time in eight days - Responsive Selling as ES tested the October high above 1100. I also note that for three consecutive days the ISEE (equity … [Continue reading]
posted 4.35 a.m. est Pre-open Wednesday 11th November Tuesday was a consolidation day with an overlapping/higher Value Area generating less volume. That pattern doesn't always imply good trade facilitation higher but all of Tuesday's day … [Continue reading]
posted 9.24 a.m. est Pre-open Tuesday 10th November Buyers were active (green-at-top) on Monday and the Value Area was higher and wider (taller) than Friday's which indicates this was Effective Buying. As you know 80% of the time a green-at-top … [Continue reading]
posted 9.29 a.m. est Pre-open Monday 9th November Last week I marked three instances of Significant Buying and no Significant Selling. Last week's price action indicates nothing more than a Response from the Buyers bringing ES back to value … [Continue reading]