Daily analysis - Stock Market, Bonds, Forex and more
ST: On Friday I marked Significant Buying (green). Mechanical First sign of weakness in the ST would now be a RTH close below 4221.0 which is Friday's Buying Day Low. LT: Second sign of weakness would be time printed below 4152.0, the 7mn Control. … [Continue reading]
As per previous notes a RTH close below 4112.50, Buying Day low on 08/04, would be the first indication of weakness in the ST. In the ST, ES is today printing above 4215.5 which is the 1/2R off this year's high. I'm interested to see if that can … [Continue reading]
Significant Sellers still absent, see note 08/08. Wednesday's Value Area was generated above the 7mn Control at 4152. As per previous notes a RTH close below 4112.50, Buying Day low on 08/04, would be the first indication of weakness in the ST. … [Continue reading]
Tuesday's Value Area was generated entirely below 4152, see yesterday's note on chart. Bulls would want to see ES printing back above that level. from Monday's note, a RTH close below 4112.50, (dashed line on chart) Wednesday's Buying Day low, … [Continue reading]
LT: The 7mn Control migrated to 4152 on 08/04 and ES has struggled to print time above it since then, see chart. That's becoming a concern to me. ST: Overnight, ES found Resistance at 4152, the 7mn Control, and has subsequently printed below 4125. … [Continue reading]
Currently Buyers are Active and Effective. Significant Buying (green) has been marked four times in last eight days. Although ES generated a Value Area on Friday, entirely below the 7mn Control at 4152, the RTH close was high in the day's … [Continue reading]
Change: The 7mn Control has migrated higher (again) to 4152. Time printed above that level, would be a further bullish indication. Price/time below that point would infer ST weakness. … [Continue reading]
I wrote in yesterday's note that time printed above 4119, the 7mn Control would be a bullish ST indication. Early in Wed's RTH, ES held that level and then generated a Value Area entirely above that level. 4119 is now Support. … [Continue reading]
Change: The 7mn Control migrated to 4119.0. Time printed above/below that level would now be a bullish/bearish ST indication. See also yesterday's note highlighted on chart. … [Continue reading]
Three consecutive days of Aggressive Buying (green) Wed to Fri. That's a positive. The v. minor Control is at 4118.0 and price is currently printing below that level. A RTH close below 4081, Friday's Buying Day low, would be a mechanical … [Continue reading]