Daily analysis - Stock Market, Bonds, Forex and more
The minor levels we have been monitoring at 3857 Support & 3896 Resistance, are still in play - see yday's price action on chart. Not sure ES is ready yet to break out of the 12-day range but those levels should help indicate the direction. If … [Continue reading]
On Tuesday there was an early, rejected, test of the Resistance at 3896 and ES declined quickly to test, and break, the minor control Support at 3857, see yesterday's note. ES has recovered 3857 and this is Support again today. Another break below … [Continue reading]
ES has generated eleven Value Areas below the 3955 control which is a weak position in the LT. I'd want to see time back above 3955 before considering new longs on this timeframe. The minor control at 3857 is Support today and there is Resistance at … [Continue reading]
ES has generated ten Value Areas below the 3955 control which is a weak position. I'd want to see time back above 3955 before considering new longs. ST: The minor control (25day) is at 3857. Price relative to that level is worth monitoring today. … [Continue reading]
ES has generated nine Value Areas below the 3955 control which is a weak position. I'd want to see time back above 3955 before considering new longs. ST: The minor control (25day) Resistance at 3857. Price relative to that level is worth … [Continue reading]
ES has generated six Value Areas below the 3955 control which is a weak position. I'd want to see time back above 3955 before considering new longs. ST: There is a minor control (10day) S/R at 3851.50 Price relative to that level is worth … [Continue reading]
ES has generated five Value Areas below the 3955 control which is a weak position. I'd want to see time back above 3955 before considering new longs. There is minor (10day) S/R today at 3885.0 - ES prints below that level at RTH open. Minor Support … [Continue reading]
Now three Value Areas generated entirely below 3955 - weak position. I'd want to see time back above 3955 before considering new longs. There is minor Resistance today at 3855.0 which is the 1/2R off October low. … [Continue reading]
Not much to add to Friday's note (highlighted on chart). Now two Value Areas generated entirely below 3955 - weak position. I'd want to see time back above 3955 before considering new longs. … [Continue reading]
Thursday's RTH Value Area was generated entirely below 3955 - that's time below Major Support, see previous highlighted posts on chart about this level. The minor VAL at 3914 held RTH on a test but overnight ES has printed below 3875. This is a … [Continue reading]