Daily analysis - Stock Market, Bonds, Forex and more
See Friday's note highlighted on chart. The major VAL at 3686 (dashed line) has been tested but you really want to see a reaction here and some Significant Buyers (green) entering. In the ST, there is a minor 14-day control at 3773. Price printing … [Continue reading]
The major VAL at 3686 (dashed line) has now been tested but you really want to see a reaction here and some Significant Buyers (green) entering. … [Continue reading]
On the 1st June the control migrated to 4147. Following that, Buyers were unable to keep ES above that level which was a negative, see chart. On the weekly timeframe the major VAL at 3686 has now been tested. That could lead to a bounce but so … [Continue reading]
Following the sharp sell-off at the end of last week, ES tested the May low on Monday and has since printed its lowest level since January last year. Yesterday's low is a good level for a price low for this leg - below major VAL. Gut says buy it, … [Continue reading]
Following the sharp sell-off at the end of last week, ES tested the May low on Monday and has printed its lowest level since March last year. No obvious local Support. … [Continue reading]
Following the sharp sell-off at the end of last week, ES has today tested the May low and printed its lowest level since March last year. … [Continue reading]
Since the 2mn Control migrated to 4147 last week, ES has been unable to print significant time above that level - see note 06/01 on chart. Last five Value Areas have been generated below that price. I wrote Bulls would want ES back above 4147. … [Continue reading]
4147 (now 4mn Control) remains a problem for ES with little time being printed above that Resistance - see note 06/01, highlighted on chart. ST: I wrote yesterday "4079 which is ST VAL and could reject price back higher". That's what we saw … [Continue reading]
Since the 2mn Control migrated to 4147 on Wednesday, ES has been unable to print significant time above that level - see note 06/01. Value Areas on Friand Mon were generated entirely below that price. Bulls would want ES back above 4147. As I … [Continue reading]
Pre-RTH Open today ES is printing back above the 4147 control in a stronger position. Time above that level is a ST indication of strength. … [Continue reading]