Daily analysis - Stock Market, Bonds, Forex and more
At the RTH open on Thursday, ES briefly tested 4367 from below and then ran lower. Pre-open 09/15, I wrote that there had been "a change in tone and one Bulls would want to see reverting". That bearish "tone" hasn't changed yet. ES has fallen again … [Continue reading]
Overnight ES has recovered back above 4367, the 15dy control. In the minor timeframe that's a positive. As I wtrote yesterday "Bulls want ES printing above that level. Time below that price and we could see another run lower". … [Continue reading]
The ST (15day) control has migrated lower to 4367. ES is printing very close pre-RTH. Bulls want ES printing above that level. Time below that price and we could see another run lower. Sentiment: my version of the Rydex Assets Ratio was slightly … [Continue reading]
Bulls looked like they were regaining control but yesterday pre RTH I wrote "Important to note that the 4mn has now migrated higher to 4440. Price relative to that level very is important to monitor. A value Area above/below could indicate the next … [Continue reading]
There was rejected test of the 4362 Support on Wednesday and ES rallied strongly. That was the first clue that Bulls were regaining control of the minor timeframe. Secondly, Thursday and Friday both generated Value Areas above 4391.50, the 4mn poc. … [Continue reading]
ChartProfit Chart Book – week ending 24th September 2021 … [Continue reading]
pre-open on Wednesday I wrote "there is v. minor Support today at 4362". ES opened RTH with a very brief, rejected test of that Support and then rallied strongly. In the ST, that's usually bullish. I also wrote that "time above the 4391.50 … [Continue reading]
pre-RTH-open on Tuesday the 4391.50 Resistance was tested but not exceeded. ES is currently in a weak position below that controlling price. Time above that Resistance would be the first sign of strength. There is v. minor Support today at … [Continue reading]
The day-to-day analysis began to weaken starting pre-open 8th September. See highlighted comments on chart. … [Continue reading]
I've been writing for weeks "The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50". That's what we saw yesterday. And 4391.50 is now 3month control and First Resistance. pre-RTH-open today that Resistance has been … [Continue reading]