Daily analysis - Stock Market, Bonds, Forex and more
ES has rallied to potential Resistance at 4045 which is the 2mn VAH. ST: If the price distribution that began 2 months ago is still developing then price may be rejected here with Support at 3961 but time at 4045 or higher would indicate a new … [Continue reading]
On Friday I wrote…Price relative to that level (3927.0) is now very important to monitor, above/strong below/weak. Friday RTH opened slightly below 3927 and rallied immediately. Significant Buying (green) was marked. That's good price action. … [Continue reading]
On Thursday the Major Control migrated slightly lower to 3927.0. Price relative to that level is now very important to monitor, above/strong below/weak. … [Continue reading]
I wrote that Bulls would want to see any test of the 3955-65 area of Control (and Support) to be rejected - as happened last Thursday, see note 01/17. Yesterday's price action was not positive in that respect. When price is close to a Major Control … [Continue reading]
Three Value Areas generated above the 3955-65 area of Control (now Support). ES is in a strong position. Bulls would want any test of that price band to be rejected - as happened Thursday. … [Continue reading]
Two Value Areas generated above the 3955-65 area of Control (now Support). ES is in a strong position. Bulls would want any test of that price band to be rejected - as happened Thursday. … [Continue reading]
I'm looking for a Value Area above the 3955-65 area of Control to confirm LT strength, see chart and highlighted note 01/09. Following inflation data today ES dipped to 3954 and rallied back. … [Continue reading]
On Monday there was a brief, rejected, probe above the 3955-65 Resistance Area - see yesterday's note. LT strength would be indicated by time above that Resistance but the reversal we saw yesterday is worth respecting in the ST. There is potential … [Continue reading]
Friday's Value Area was generated entirely above the 3857 minor control which is a stronger position in the ST and ES is today attempting a break above the range it has been in since mid-December. The major Resistance is 3955-65 but if this can be … [Continue reading]
Thursday's Value Area was generated entirely below 3857, the minor control, which is a weak position. Today, RTH has opened just above that level which is encouraging but if time is spent below it at the end of this week, I'd be targetting a test … [Continue reading]