Daily analysis - Stock Market, Bonds, Forex and more
ST: As mentioned in yesterday's note I had projected a minimum 3860 before selling imbalance could be exhausted. ES did briefly test 3860 during RTH and rallied. I'm now expecting the minor control at 4148 to print before 3860 prints again but I'm … [Continue reading]
ES remains in a weak position and the first ST sign of strength would be time printed above 4148, the minor control. ES 3883 is the low so far today - I had projected a minimum 3860 before selling imbalance could be exhausted. … [Continue reading]
Pre-open today ES reached its lowest level since March last year. ES broke below the 4353 Major Control on 04/22 and price action has been weak since then as detailed on previous notes on chart. ES remains in a weak position and the first ST sign … [Continue reading]
On Monday ES reached its lowest level since March last year and NQ since November 2020. ES broke below the 4353 Major Control on 04/22 and price action has been weak since then as detailed on previous notes on chart. ES remains in a weak position … [Continue reading]
ES has reached its lowest today since May last year - NQ since March last year. ES broke below the 4353 Major Control on 04/22 and price action has been weak since then as detailed on previous notes on chart. … [Continue reading]
Thursday saw a dramatic reversal of Wednesday's rally. After ES broke below the major 4353 poc on 04/22 I wrote that I wouldn't be considering new longs until that price level was recovered. I also wrote "Time spent close to 4200 would represent … [Continue reading]
ES spiked above minor Resistance at 4211 (now minor Support) after rate announcement. If 4211 is held I assume the Major Control at 4353 will be tested. Currently price is below the Major which is a LT weak position so not looking at long … [Continue reading]
05/04 LT: ES remains below 4353, the Major Control, which is a LT weak position, see previous notes on chart. Not considering long positions below that level. ST: Not considering long trades below 4211 (minor control) but 4190 could attract time … [Continue reading]
LT: ES remains below 4353, the Major Control, which is a LT weak position, see previous notes on chart. Not considering long positions below that level. ST: Not considering long trades below 4211 (minor control). Time around 4190 would be a minor … [Continue reading]
ES printing below 4353 (major control). Likely test of 4090. Rejection of that Support and could see bounce - acceptance would see ES lower. Not looking for longs on any timeframe if ES is printing below 4213. … [Continue reading]