Daily analysis - Stock Market, Bonds, Forex and more
Tuesday's Value Area was generated entirely below 4152, see yesterday's note on chart. Bulls would want to see ES printing back above that level. from Monday's note, a RTH close below 4112.50, (dashed line on chart) Wednesday's Buying Day low, … [Continue reading]
LT: The 7mn Control migrated to 4152 on 08/04 and ES has struggled to print time above it since then, see chart. That's becoming a concern to me. ST: Overnight, ES found Resistance at 4152, the 7mn Control, and has subsequently printed below 4125. … [Continue reading]
Currently Buyers are Active and Effective. Significant Buying (green) has been marked four times in last eight days. Although ES generated a Value Area on Friday, entirely below the 7mn Control at 4152, the RTH close was high in the day's … [Continue reading]
Change: The 7mn Control has migrated higher (again) to 4152. Time printed above that level, would be a further bullish indication. Price/time below that point would infer ST weakness. … [Continue reading]
I wrote in yesterday's note that time printed above 4119, the 7mn Control would be a bullish ST indication. Early in Wed's RTH, ES held that level and then generated a Value Area entirely above that level. 4119 is now Support. … [Continue reading]
Change: The 7mn Control migrated to 4119.0. Time printed above/below that level would now be a bullish/bearish ST indication. See also yesterday's note highlighted on chart. … [Continue reading]
Three consecutive days of Aggressive Buying (green) Wed to Fri. That's a positive. The v. minor Control is at 4118.0 and price is currently printing below that level. A RTH close below 4081, Friday's Buying Day low, would be a mechanical … [Continue reading]
Three consecutive days of Aggressive Buying (green). The v. minor Control is now at 4118.0 and price relative to that level may be a useful ST reference today, e.g. as Support/Resistance in RTH. … [Continue reading]
Wed RTH: ES opened, briefly tested the 3957 Support (given yesterday) and rallied strongly. That's further positive price action. ES is currently printing close to 4015, see previous, highlighted noted on chart. … [Continue reading]
Minor change: 1mn control moved to 3957. In the ST, ES needs to hold this level. As per previous notes, time at 4015 would be the next positive development. … [Continue reading]