Daily analysis - Stock Market, Bonds, Forex and more
In yesterday's note, I anticipated a dip to test 5505 and the decline hasn't reached that. A slump after RTH Open today below 5600 would bring that back into play.The technicals are telling us that the market is oversold and a bounce is due; the … [Continue reading]
New longs are still eliminated for me below 6022.50 (see previous notes) - the Control migrating lower might change that.ST: First sign of strength would be ES holding above 5604 (1/2R off yesterday's low). If ES prints below that level, a further … [Continue reading]
ES just tested 5630 - “seems likely” from post earlier today. Rejection here could set up a rally but time printed around this level (acceptance) would be a further negative imo. … [Continue reading]
The minor Control migrated lower to 5763. Worth monitoring as possible Resistance today. New longs are still eliminated for me below 6022.50 (see previous notes) - the Control migrating lower might change that. ST: unless ES can recover 5732 … [Continue reading]
ST: The S/R level to monitor is still 5825. A Value Area printed above that level would be first minor sign of strength.New longs are still eliminated for me below 6022.50 (see previous notes) - the Control migrating lower might change that. … [Continue reading]
From yesterday's note - 'ES has not yet begun to respond positively to the S/R levels; actually the opposite'. Again, in Tuesday's RTH, ES failed at 5870 (arrowed on chat), the v. minor reference level given in yesterday's note.ST: Today, the S/R … [Continue reading]
From yesterday's note - '10day Support at 5973, worth monitoring today'. ES broke that Support immediately after RTH Open and then found Resistance there intraday, see arrow on chart. A sharp decline followed. ES has not yet begun to respond … [Continue reading]
Resistance at the 6022.50 Control still valid. New longs eliminated for me below that level - the Control migrating lower might change that.ST: 10day Support at 5973, worth monitoring today. … [Continue reading]
Highlighted notes on chart track the recent developing weakness. Currently, ES is in a weak position below the 6022.50 Control. F or now, new longs are eliminated for me below that level - the Control migrating lower might change that. … [Continue reading]
Two Value Areas generated below the 6022.50 Control. Weak position. Note the Support at the Control on 02/12 (arrowed on chart) - and the Resistance yesterday. Referring back to note on 4th February 'Market participants are waiting for the next … [Continue reading]