Daily analysis - Stock Market, Bonds, Forex and more
On Thursday the Resistance at 4013 was exceeded shortly after RTH open and the Value Area was generated entirely above that level. If 4013 now holds, ES is in a stronger ST position meaning I will consider long trades. The major control is still at … [Continue reading]
ES is approaching the 2month Resistance at 4013. Price printing time above that level would a stronger position for long trades for me (not long positions). In the ST, there is minor Support at 3973 today - a break of that level would indicate a weak … [Continue reading]
05/25 Thought we'd see a test below below 3790 before a rally of any significance, see Thursday's note. No long trades for me if ES is below 4013 and no long positions below 4353. ST: 12day control = 3923.0. Price relative to that level today … [Continue reading]
Thought we'd see a test below below 3790 before a rally of any significance, see Thursday's note. ES has printed above 3980 since Friday's low. Still, as per Friday's note; no long trades for me if ES is below 4013 and no long positions below … [Continue reading]
Thought we'd see a test below below 3790 before a rally of any significance, see Thursday's note. ES has printed above 3950 since Friday's low. Still, as per Friday's note; no long trades for me if ES is below 4013 and no long positions below 4353. … [Continue reading]
As I wrote yesterday, the ST selling imbalance indicates a print below 3790 is likely. A rally above 4013 (now the minor control) would put that in doubt. I have noted that Sentiment readings are getting extremely bearish which suggest a rally … [Continue reading]
From yesterday's note: If ES falls back below 4013, I'd expect further weakness. Early in the session 4013 was broken and ES declined quickly, printing as low as 3856. Unless Buyers step back in quickly, the market will go lower to find them. ST … [Continue reading]
Overnight ES has printed a high as 4095. As long as the minor control at 4013 holds I'm looking for a test of 4148. If ES falls back below 4013, I'd expect further weakness. … [Continue reading]
Overnight ES has printed above 4080. As long as the minor control at 4013 holds I'm looking a test of 4148. If ES falls back below 4013, I'd expect further weakness. … [Continue reading]
The minor control has migrated lower to 4013 (from 4148). Post RTH open today, and only if ES prints above 4013, I'd look for a move higher to test 4148. If ES struggles to hold 4013, further weakness would be expected. … [Continue reading]