Daily analysis - Stock Market, Bonds, Forex and more
ES is back in a weak position and once again Bulls would want to see the 4689 Control recovered as quickly as possible. Wednesday's Value Area was generated above the 4689 control which was an encouraging development but Sellers (red) returned on … [Continue reading]
I wrote on Friday that "Bulls would want to see 4689 quickly recovered". That happened on Tuesday and Aggressive Buying (green) marked. Also on Tuesday, enough time was spent at 4688.50 to lift the 12-month Control to that level. This is now the … [Continue reading]
I wrote on Friday that "Bulls would want to see 4689 quickly recovered". That happened on Tuesday and Aggressive Buying (green) marked. Also, enough time was spent at 4688.50 to lift the 12-month Control to that level. This is now the important … [Continue reading]
From Friday "I'm cautious here. Bulls would want to see 4689 quickly recovered". Two Value Areas generated below 4689.0, the major control. Pre-RTH ES has printed as high as 4688.25, close to that level which is currently Resistance. Time printed … [Continue reading]
Last week a mechanical sign of weakness was triggered on Wednesday, as previously described (see comments on chart). Aggressive Selling (red) was also marked on Wednesday and ES declined to test the major control at 4689.0. I wrote pre-RTH on … [Continue reading]
Thursday's RTH Value Area was generated above 4689.0, the 5 month control. As written yesterday Time printed below that level would be a further indication of weakness and suggest lower. We've seen Aggressive Selling (red) this week and a mechanical … [Continue reading]
Wednesday: an intraday rally was rejected at 4777.50, the minor control, see black arrow, and ES sold-off sharply to the more important Support at 4689.0, the 5 month control. Aggressive Selling (red) was marked. The RTH close was below 4729.50, the … [Continue reading]
From the low on 12/20, Aggressive Buying was marked three times as ES rallied. There was then a period of ranging for six days and the minor Control migrated to 4777.5. Price relative to this level is worth monitoring. There is more important … [Continue reading]
From the low on 12/20, Aggressive Buying was marked three times as ES rallied. There was then a period of ranging for five days and the 10-day Control migrated to 4777.5. Price relative to this level, now Support, is worth monitoring. There is … [Continue reading]
The 10-day Control migrated to 4777.5. Price relative to this level is worth monitoring for strength/weakness at the start of this week. ES is currently printing very close. There is important Support at 4689.0, the 5mn Control. First sign of … [Continue reading]