Daily analysis - Stock Market, Bonds, Forex and more
posted 9.10am EST from pre-open analysis 02-25 >>I'm assuming ES will see development in the short term up to the 784/785 area. If this is immediately rejected I would short again on a bounce and wait to see if buyers are strong enough to … [Continue reading]
Once the pre-open analysis is posted I do not edit but there was a mistake made today that I want to correct. The sentence that reads: "Following a day with two instances of significant buying activity (Monday) this is rare." should obviously … [Continue reading]
posted 9.23am EST from pre-open analysis 02-19 >>Trying to play the strong possibility of an acceleration into the time pivot around 20th-24th, which I'm seeing down to 750 or just below. If that happens I'd be happy to go with responsive … [Continue reading]
posted 6am EST from pre-open analysis on Monday >>If price holds the minor support at 774 during the day session today then we can expect higher prices in the near term and I'll go flat. Any price action below 769 would suggest a test of … [Continue reading]
posted 7.30am EST Friday's low was below value on various timeframes and there was a strong enough response from the buyers to auction price back above the morning range but the value area was still lower than Thursday's (although narrower) and … [Continue reading]
posted 8.08am EST Analysis-7.55a.m.EST-yesterday >>I'm looking for another drive down this week so I'm not looking to put on any longs - too risky. Trying to play the strong possibility of an acceleration into the time pivot around … [Continue reading]
posted 7.55am EST Previous: >>If there's an aggressive test of Tuesday's low soon after the open that doesn't bounce back fast, then it would be likely that drive down has started. However, I see Wednesday's price action as most likely … [Continue reading]
posted 6.45am EST Sellers are in control. Buyers were given an opportunity to respond for three days by resting sellers. Their response was ineffective. This week opened lower on Tuesday and spent the session building value just above … [Continue reading]
COT data released today shows that the SP500 Commercials have reduced their net short position but Small Traders are still very bullish. This still looks like a bearish set of data. … [Continue reading]
posted today at 6.30am est previous >>I'm sure many traders are monitoring the support trendline off the November low that comes in around 818 today. Should we see a break below that level it could well bring in a new wave of selling and … [Continue reading]