Daily analysis - Stock Market, Bonds, Forex and more
From Friday's note - ES is back in a strong position that would be stronger if 4159 could be recovered. That 1/2R Resistance has been recovered and is now Support, as is SPY 414, it's equivalent level. SPY holding 414 would be the next positive for … [Continue reading]
In yesterday's note I wrote that there was minor Resistance today at 4099, being tested pre-RTH. As it turned out that minor Control proved to be Support and ES rallied right off the RTH Open. The RTH Close was well above the previous two Selling Day … [Continue reading]
Significant Selling (red) marked again on Wednesday. There is minor Resistance today at 4099, being tested pre-RTH. First Maj Support at 4015 - for now, I'm assuming that will be tested. … [Continue reading]
The major Support at 4137 was broken on Tuesday and a sharp decline occurred in yesterday's session. Although ES had generated two Value Areas above the 4159 1/2R Resistance in the early part of last week, SPY had not been able to recover its … [Continue reading]
The major Support at 4137 was tested on Thu and Fri and pre-RTH today it has been tested again but Value Areas have been generated above that level so I say the Support has held so far. The other level we are monitoring is 4159 and that … [Continue reading]
The major Support at 4137 was tested again on Friday but ES made a quick recovery, see Friday's note. Seven Value Areas have now been generated above 4137 and a break of that level could indicate a change in the minor trend but so far - so good. … [Continue reading]
ES major Support is at 4137 and that was the exact low yesterday. There has now been five Value Areas above the Support which is a positive and bulls would want to see that hold or a quick recovery on a test. … [Continue reading]
SPY has stalled at the 414.0, 1/2R Resistance - worth monitoring. ES has generated four Value Areas above the 4137 major Support which is a positive but bulls would want to see that level hold. … [Continue reading]
SPY has stalled at the 414.0, 1/2R Resistance - worth monitoring. ES has generated three Value Areas above the 4137 major Support and bulls would want to see that hold. … [Continue reading]
