Daily analysis - Stock Market, Bonds, Forex and more
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]
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]