Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. est Pre-open Tuesday 21st July Once again Significant Buyers were active on Monday (green) and the Value Area was higher, wider and volume expanded (just). Actually volume is still very low, ES total volume on Monday was 20% … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 20th July Last week I marked four instances of Significant Buying. There has been no Significant Selling for eight consecutive days. You can see last week that when the Buyers appeared volume expanded and … [Continue reading]
posted 9.18 a.m. est Pre-open Friday 17th July On the chart I've extended each day's controlling price across the following session. Apart from very early on Monday, the price range of each day session this week has been above the previous … [Continue reading]
posted 9.24 a.m. est Pre-open Thursday 16th July Back on Friday 26th June I wrote >>The most recent imbalance is Buying (green) and according to my rules that should eliminate the short side for me until Significant Selling (red) is … [Continue reading]
posted 7.50 a.m. est Pre-open Wednesday 15th July There wasn't much follow through on Tuesday. The Value Area was higher and narrower on less volume and that's not usually good for continuation higher, at least not immediately. On the hourly … [Continue reading]
posted 9.25 a.m. est Pre-open Tuesday 14th July Since I made the comment pre-open Thursday that 878 may well attract time, ES has in fact spent more time at 878 than any other level. I saw that as a negative development but on Monday I marked … [Continue reading]
posted 9.25 a.m. est from pre-open comment Thursday 9th July >>878 may well attract time - that would be a negative if it does. << from pre-open comment Friday 10th July >>The last imbalance was Selling (red) on Tuesday and … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 10th July Wednesday's Value Area was lower and wider on increased volume. Thursday's Value Area was higher and narrower on decreased volume. That is not usually a positive indication. The last imbalance … [Continue reading]
posted 9.29 a.m. Pre-open Thursday 9th July Wednesday's Value Area was lower and wider on increased volume. The major poc support at 870 was tested and recovered. Low on SPY was exactly 87.0 The odds would suggest that this week's SP500 … [Continue reading]
posted 9.13 a.m. est Pre-open Wednesday 8th July The break below Monday's controlling price just below 890 early in Tuesday's session indicated weakness and the direction for the rest of the day. My numbers had suggested that Monday's high … [Continue reading]