Daily analysis - Stock Market, Bonds, Forex and more
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]
Three consecutive days of Aggressive Buying (green). The v. minor Control is now at 4118.0 and price relative to that level may be a useful ST reference today, e.g. as Support/Resistance in RTH. … [Continue reading]
Wed RTH: ES opened, briefly tested the 3957 Support (given yesterday) and rallied strongly. That's further positive price action. ES is currently printing close to 4015, see previous, highlighted noted on chart. … [Continue reading]
Minor change: 1mn control moved to 3957. In the ST, ES needs to hold this level. As per previous notes, time at 4015 would be the next positive development. … [Continue reading]
There's been positive price action since the rejected test of the 3829 control on 07/18. Specifically, acceptance (time) above the VAH at 3903 (dashed line) - see previous notes highlighted on chart. … [Continue reading]
There's been positive price action since the rejected test of the 3829 control (dashed line) on Monday, see previous notes highlighted on chart. Minor control Support today at 3954. … [Continue reading]
Following a test of the 3829 control (dashed line) on Monday, ES rallied and spent time around 3903 (VAH). That's price acceptance rather than rejection, see Monday's note. Time at 4015 would be the next positive development in the ST. … [Continue reading]
I suggested in yesterday's note that there could be a rejection at 3903 (VAH) and a test of the 3829 Control. That panned out well. I also said that Time below 3829 would be a negative for the longer time-frame. That hasn't happened so far and … [Continue reading]