Daily analysis - Stock Market, Bonds, Forex and more
Commitments of Traders data released today showed that SP500 Small Traders increased their net long position from 70,615 contracts to 80,232 contracts. Once again that's a new five year high. History tells us to be wary when it's the Small … [Continue reading]
Wednesday saw sellers responding in the 849 area and again yesterday, but not as effectively - Thursday saw buyers initiate a Range Extension above Wednesday's VA. Thursday saw active, effective buyers generating a higher, narrower VA and … [Continue reading]
ES emini sp500 March seems to be working itself towards decision point as two valid trendlines converge. I wouldn't be convinced about an upside breakout until 872 is exceeded. … [Continue reading]
Tuesday saw significant buyers active and effective. generating a higher, wider Value Area and more Volume than Monday. Wednesday's value area is predicted to be overlapping or higher. That means that most of Wednesday's price action should be … [Continue reading]
Chartprofit Webcast - Charts to Friday 30th January 09 *********** PRICE LOCATION The major level of 1/2 HIGH is in play on the following US indices: NYSE Comp, Nasdaq Comp, SP500 and R2000. Also German Dax index. I would repeat that … [Continue reading]
From a Gann perspective there is a similarity between the current DAX chart and the SP500 at the 2002 low. The SP500 2002 bear market low was a triple bottom on the Gann half high major support level. That's where the DAX finds itself now. One … [Continue reading]
From webcast Monday: Re long side of the market >>If you are a longer term trader or swing trader I would wait for bulls to auction price back above 872<< Yesterday SP500 emini probed onto that poc and has found resistance - this has … [Continue reading]
Chartprofit Webcast - Charts to Friday 23rd January 09 *********** PRICE PERFORMANCE SPX hit a new eight week low last week breaking the December low. Low last week was below the low of the previous five weeks. Sellers seem much more effective … [Continue reading]
Commitments of Traders Data released 23rd January … [Continue reading]
from eBook earlir this week >>Be extremely cautious of this market right now. All the major charts we follow are currently in a weak price location. Do not be long unless charts trade back above those POC levels. This may not happen. It … [Continue reading]