Daily analysis - Stock Market, Bonds, Forex and more
Early last week there was a rejected probe of the 1mn Resistance at 3907, see arrow on chart. ES declined from there and on Thursday broke the Support at 3797. However, on Friday ES recovered that Support which needs to hold if ES is to maintain a … [Continue reading]
ChartProfit Chart Book - week ending 5th March 2021 … [Continue reading]
On Monday there was a rejected probe of the 1mn Resistance at 3907, and ES has declined from there. On Thursday the Support at 3797 was broken. ES has today rallied back above that level and needs to hold it to maintain a strong location. If the … [Continue reading]
Overnight the Support at 3797 has been tested. Currently printing back above 3800, pre-open. Price printing time below that level would indicate further weakness. Aggressive Selling was marked on Wednesday. On Monday the 1mn Resistance at 3907, was … [Continue reading]
On Friday ES briefly tested the First Level Support at 3797, and has rallied from there. Price printing time below that level would indicate further weakness. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest … [Continue reading]
On Friday ES briefly tested the First Level Support at 3797, and has rallied from there. Price printing time below that level would indicate further weakness. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest … [Continue reading]
On Friday ES briefly tested the First Level Support at 3797, and has rallied from there, see previous comments. Price printing time below that level would indicate further weakness. There is 1mn Resistance at 3907. Stocks>50dyma Nyse 64%, … [Continue reading]
ChartProfit Chart Book - week ending 26th February 2021 … [Continue reading]
On Thursday ES opened the day-session above the 3907 Support and then immediately broke it, see yesterday's comments. The session closed below the low of Wednesday's Buying Day low which is a weak pattern. Aggressive Buying days usually indicate … [Continue reading]
Strong day on Wednesday. ES exceeded 3907, the 1mn Resistance, now ST Support, and Aggressive Buying (green) was marked. 3907 is a useful reference in the short-term and exactly where ES is printing as I write pre-open. In the longer term the … [Continue reading]