Daily analysis - Stock Market, Bonds, Forex and more
I wrote on 13th Feb 'As I have noted many times, a quick rush back to the major Control is what happens when the market is spooked by an event/news/uncertainty and there's a urgent need for balance'. ES did this again on Monday with a sharp decline … [Continue reading]
On Friday ES continued to print in the low-conviction zone between 6956 and 6853. pre-RTH 02/19 I wrote 'the Major at 6853 should now provide significant Support if tested - still leaning bullish if that holds'. That level did hold on Thu and Fri … [Continue reading]
ES spent Thursday's session printing in the low-conviction zone between 6956 and 6853, see yesterday's note. read this post on SubstackA break above/below those bands might well indicate the next directional move. Price relative to a v. minor … [Continue reading]
ES is in a low-conviction zone between two levels. The Major at 6853 should now provide significant Support if tested - still leaning bullish if that holds - but price back below that level would be a concern re the LT trend as previously mentioned. … [Continue reading]
I wrote Friday, 'in the longer timeframe there's no need for panic but ES must hold the major (6853)… ST could easily see a test of 6800 or lower but hopefully a bounce'. read this post on Substack We did see a brief test of 6800 on Tuesday … [Continue reading]
I wrote Friday, 'in the longer timeframe there's no need for panic but ES must hold the major… ST could easily see a test of 6800 or lower but hopefully a bounce'. read this post on Substack Pre-RTH today, ES prints below the Maj Control (now … [Continue reading]
I wrote Thursday I was 'leaning to the Bullish side in the ST but price back below 6956 would obviously not be welcome'. Shortly after the RTH open, ES broke below 6956 and then a straight-down decline, a consolidation, and a late-in-the-session test … [Continue reading]
You can see from the chart that despite yesterday's volatility in early RTH, Wednesday's Value Area (like Mon's and Tue's) was generated entirely above 6956, the 6mn Control. There was further Support at that level later in the session. read this … [Continue reading]
Pre-RTH on Tuesday I wrote that 'Monday's Value Area was generated entirely above that level ( 6956) so I'm assuming ES is setting up for a break higher. Price back below 6956 would obviously not be welcome'. Overnight ES very briefly (minutes) … [Continue reading]
Pre-RTH on Monday I wrote that 'price relative to that level (6956) is important to watch - time printed above would be a further positive development imo'. Monday's Value Area was generated entirely above that level so I'm assuming ES is setting up … [Continue reading]