Daily analysis - Stock Market, Bonds, Forex and more
Wednesday was spent backing and filling the previous profile generating an overlapping, narrower value area and less volume than Tuesday. Sellers are in control on the daily timeframe.Yesterday I said that the 840 area should limit upside on … [Continue reading]
Chart_Check_video … [Continue reading]
On Monday there was a rejection of the price probe up into the high volume area at 872. That's the second time within the last ten trading days. Tuesday saw active, effective sellers, generate a lower wider VA, and increased volume. Price was … [Continue reading]
Chartprofit Webcast - Charts to Friday 6th February 09 *********** PRICE PERFORMANCE ES Market Profile analysis: as shown in the webcast. Buyers were active last week - Monday tested the previous week's low and buyers responded immediately. … [Continue reading]
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]