Daily analysis - Stock Market, Bonds, Forex and more
Significant Buyers (green) have been very active, but effective. First sign of weakness in this trend is now a RTH close below 4115.50 (dashed line), the low of the most recent Buying Day which Tuesday. Sentiment: My version of the Rydex Assets … [Continue reading]
Significant Buying (green) was marked on Friday. The low of that Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. A move above 4150 is likely, see previous, highlighted comments on … [Continue reading]
Significant Buyers (green) have been marked three times in last six days. A move above 4150 is likely, see previous, highlighted comments on chart. The low of Friday's Buying day is 4086.75. A RTH close below that level would be first sign of … [Continue reading]
ChartProfit Chart Book - week ending 9th April 2021 … [Continue reading]
The distribution patterns suggest a move above 4150 but rejection above that level would be likely. Price back below 3897, the 7-month Support, would indicate a change in trend in the longer time-frame. Stocks>50dymaNyse 79% (unch), Nasdaq 65% … [Continue reading]
On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but … [Continue reading]
On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but … [Continue reading]
On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but … [Continue reading]
On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern, see previous, highlighted comment on chart. Price back below 3897 from here … [Continue reading]
ChartProfit Chart Book - week ending 2nd April 2021 … [Continue reading]