Daily analysis - Stock Market, Bonds, Forex and more
ES remains in a weak position and the first ST sign of strength would be time printed above 4148, the minor control. ES 3883 is the low so far today - I had projected a minimum 3860 before selling imbalance could be exhausted. … [Continue reading]
Pre-open today ES reached its lowest level since March last year. ES broke below the 4353 Major Control on 04/22 and price action has been weak since then as detailed on previous notes on chart. ES remains in a weak position and the first ST sign … [Continue reading]
On Monday ES reached its lowest level since March last year and NQ since November 2020. ES broke below the 4353 Major Control on 04/22 and price action has been weak since then as detailed on previous notes on chart. ES remains in a weak position … [Continue reading]
ES has reached its lowest today since May last year - NQ since March last year. ES broke below the 4353 Major Control on 04/22 and price action has been weak since then as detailed on previous notes on chart. … [Continue reading]
Thursday saw a dramatic reversal of Wednesday's rally. After ES broke below the major 4353 poc on 04/22 I wrote that I wouldn't be considering new longs until that price level was recovered. I also wrote "Time spent close to 4200 would represent … [Continue reading]
ES spiked above minor Resistance at 4211 (now minor Support) after rate announcement. If 4211 is held I assume the Major Control at 4353 will be tested. Currently price is below the Major which is a LT weak position so not looking at long … [Continue reading]
05/04 LT: ES remains below 4353, the Major Control, which is a LT weak position, see previous notes on chart. Not considering long positions below that level. ST: Not considering long trades below 4211 (minor control) but 4190 could attract time … [Continue reading]
LT: ES remains below 4353, the Major Control, which is a LT weak position, see previous notes on chart. Not considering long positions below that level. ST: Not considering long trades below 4211 (minor control). Time around 4190 would be a minor … [Continue reading]
ES printing below 4353 (major control). Likely test of 4090. Rejection of that Support and could see bounce - acceptance would see ES lower. Not looking for longs on any timeframe if ES is printing below 4213. … [Continue reading]
Aggressive Buying (green) marked on Thursday but ES remains below 4353, the Major Control, which is a weak position, see previous notes on chart. ST: If 4213 (minor control) Support can be held I'll look for a rally back to 4353 but time below … [Continue reading]