Daily analysis - Stock Market, Bonds, Forex and more
The last three Value Areas have been generated above the 3387 Resistance (dashed line) and, as I wrote a week ago, a VA above that level would be confirmation that Buyers are back in control, see highlighted comments. Bulls would want to see that … [Continue reading]
Wednesday's Value Area was printed above the 3387 Resistance (dashed line) which, as I wrote a week ago, would be confirmation that Buyers are back in control, see previous, highlighted comments. Bulls would want to see that Support hold, but … [Continue reading]
Most of Tuesday's session was spent above the 3387 Resistance (dashed line). Unfortunately, late in the day there was a sharp sell-off on news and ES closed below the 3370.50 poc, which is a weaker position. The session close was also below the low … [Continue reading]
Last week's high came in at the 3387 Resistance (dashed line) but that has now been exceeded. Monday's Value Area was generated above the 3370.5 poc and Aggressive Buying was marked. These are all positives. A Value Area above 3387 would be the next … [Continue reading]
Last week's high came in at the 3387 Resistance (dashed line). Pre-open Thursday I wrote "A Value Area above 3387 would be the next positive to look for and confirm the Buyers are back in control", (highlighted above). This clearly hasn't happened … [Continue reading]
ChartProfit Chart Book - week ending 2nd October 2020 … [Continue reading]
Thursday's session high came in at the 3387 Resistance, see yesterday's highlighted comments. With the sell-off on news overnight, ES is printing below 3342.5, the minor poc and is in a weaker position. I wrote yesterday "A Value Area above 3387 … [Continue reading]
Read yesterday's highlighted comments on chart. The minor poc has migrated slightly to 3342.5. As long as ES holds above that level it could be ready to make a directional move higher. Pre-open the high has been 3388 which is above the 3370.5 poc. … [Continue reading]
Pre-open on 09/21 I identified 3220 as an area of Support. That held last week (+), see Value Areas. Significant Buying was marked twice (+). Monday's Value Area was higher than any last week (+). Despite the positives I would want to see at least a … [Continue reading]
