Daily analysis - Stock Market, Bonds, Forex and more
ES between the 4588 VAH, and the 4354 control Support. A 5wk control has emerged at 4484 and price relative to that level is worth monitoring today. Pre-RTH ES is printing below that level in a weaker position. Mechanically, a RTH close below the … [Continue reading]
There was a fast rejection last week of the VAH, dashed line on chart, and see previous, highlighted comments. Bulls would want to see acceptance (time) at that level or higher which would be an indication that this is a new distribution higher. … [Continue reading]
A fast rejection just shy of the Value Area High at 4588, dashed line on chart, see Wednesday's highlighted comments on chart. Bulls would want to see acceptance (time) at that level or higher which would be an indication that this is a new … [Continue reading]
A fast rejection just shy of the VAH at 4588 (dashed line on chart) this morning's comments -> It will be interesting to see if price is rejected should there be a test of the Value Area High at 4588. Acceptance (time) at that level or higher … [Continue reading]
Buyers active on Monday and Tuesday (green) effectively auctioning price higher. It will be interesting to see if price is rejected should there be a test of the Value Area High at 4588. Acceptance (time) at that level or higher would be an … [Continue reading]
Encouraging price action at the start of the week. Monday's value Area was generated entirely above 4354, the major poc, and Significant Buying (green) was marked, see yesterday's highlighted pre-open comment. Encouraging price action - but the … [Continue reading]
Bulls would want to see the Support at 4354 hold Last week the major poc migrated lower to 4354 and as I wrote "Price above 4354 would be a safer position". Currently, ES is printing above 4400. Significant Buying (green) marked above the poc … [Continue reading]
Since 01/13 Effective Sellers (red on chart) have been marked four times. If Significant Buyers do not make a mark, Sellers will resume. On Wednesday the major poc migrated lower to 4354. It is now very important to monitor price relative to this … [Continue reading]
The major poc has migrated lower to 4354. It is now very important to monitor price relative to this level. Time spent above that Control would indicate that progress higher could be made but time below would be a concern for the Bulls. Pre-RTH … [Continue reading]
e-mini SP500 futures have recovered to a stronger position above the 4394 control as investors await the latest announcement from the US central bank. As noted on Friday, the major poc is at 4394. Value Areas on Mon and Tue were generated entirely … [Continue reading]