Daily analysis - Stock Market, Bonds, Forex and more
I wrote yesterday 'In the shorter timeframe there is a 15day Control at 6668, and price relative to that level is worth monitoring'. You can see from the chart that 6668 was Resistance yesterday and the Value Area (VA) was generated entirely below … [Continue reading]
In the longer timeframe the Major Control remains at 6853 and as I wrote 5th March 'I won't look at new longs currently below the Control, 6853'. Position is still weak.In the shorter timeframe there is a 15day Control at 6668, and price relative to … [Continue reading]
I wrote on Friday 'Although there is no Time Support level (Control) to key from down here, there is the Major Value Area Low (VAL) at 645.5 which 'might' attract some falling knife catchers and get a rally started. Nothing 'safe' though until a … [Continue reading]
I wrote on 3rd March in the daily ES analysis that if price was printing below the Major Control there was 'no obvious Support'. SPY chart may be more useful to illustrate the problem. The Major Control is at 683.75 and SPY hasn't printed above that … [Continue reading]
pre-open today ES has tested 6560 - see yesterday's note. Rejected so far, would be good for Bullish case if this level doesn't get retested now. Will update an hour into RTH read this post on Substack … [Continue reading]
Some ST technical indicators are oversold and a rejected test below 6560 might attract Buyers but the rejected test of the Major Control at 6853 on 03/10 (arrowed) was a sign of weakness in the longer timeframe, Sellers in Control - so as I wrote … [Continue reading]
There's been nine consecutive Value Areas generated entirely below the Major Control at 6853 including a rejected test of that level on 03/10 (arrowed). As I've been writing - I won't look at new longs below that level. read this post on … [Continue reading]
Seven consecutive Value Areas generated entirely below the Major Control at 6853. That's not great in LT. As I've previously written - I won't look at new longs below that level. read this post on SubstackI wrote on Friday 'ES needs to bounce back … [Continue reading]
Thursday's Value Area was generated just above the 12mn VAL at 6670 (dashed line on char). ES needs to bounce back - more time around 6670 and a Control could develop at that level which would be a further negative. read this post on … [Continue reading]
ES has generated 5 consecutive Value Areas entirely below the Major Control at 6853, see chart, which is not great. 03/05 I wrote 'I won't look at new longs currently below the Control'(6853). It's a weak position in the longer time-frame. read … [Continue reading]