Daily analysis - Stock Market, Bonds, Forex and more
Value Areas on Friday and Monday were generated entirely above 4340 (1mn poc). ES is in a strong position if it prints above that level. Aggressive Buying (green) was marked again on Monday. A RTH close below 4354.75, the low of that Buying Day, … [Continue reading]
Thursday’s RTH close was below 4318.50, the low of Friday’s Buying Day, (dashed). Mechanically that meant I needed to see Significant Buying (green) marked again before I could look at new longs again. On Friday ES recovered strongly and Significant … [Continue reading]
ChartProfit Chart Book – week ending 9th July 2021 … [Continue reading]
ST (trading): Thursday's RTH close was below 4318.50, the low of Friday's Buying Day, (dashed). Mechanically that means I need to see Significant Buying (green) marked again before I can look at new longs. In the LT (investing), the 4mn Support is … [Continue reading]
Overnight there has been a sell-off with ES printing below 4300 pre-open. A RTH close below the low of Friday's Buying Day, 4318.50 (dashed), would be the first sign of weakness on the minor time-frame. Sentiment: My version of the Rydex Assets … [Continue reading]
Significant Buyers have been very Active recently and Effective. Aggressive Buying (green) has been marked six times in eleven days. A RTH close below the low of Friday's Buying Day, 4318.50 (dashed), would be the first sign of weakness on the minor … [Continue reading]
Significant Buyers have been very Active recently and Effective. Aggressive Buying (green) has been marked six times in ten days. The 4mn Support is at 4163. This held on a recent test. A Value Area printed below 4163 would be a bearish … [Continue reading]
ChartProfit Chart Book – week ending 2nd July 2021 … [Continue reading]
The 4mn Support is at 4163. This held on a recent test and since then Aggressive Buyers (green) have been very active, and have marked five times in nine days, including yesterday. A RTH close below the low of Thursday's Buying Day, 4293.25 (dashed), … [Continue reading]
The 4mn Support is at 4163. This held on a recent test and since then Aggressive Buyers (green) have been marked four times in eight days. A Value Area printed below 4163 would be a bearish development in the longer time-frame. A RTH close below the … [Continue reading]