Daily analysis - Stock Market, Bonds, Forex and more
Short term: Earlier today, the v minor control migrated higher to 4558 (from 4536, see Thursday's comments). I'm watching price relative to that level at the start of this week as a clue to early directional bias. ES is currently printing close to … [Continue reading]
Thursday's Value Area (time) was generated above 4536, which is a first sign of strength, see yesterday's comments. Today the level to monitor is 4579 as Support. The next sign of strength would be time printed above 4622 Resistance. As mentioned … [Continue reading]
From pre-RTH yesterday "New longs are eliminated for me until Significant Buying (green) is marked again or ES prints a Value Area back above the 4672.50 Control." On Wednesday an early rally faded quickly to new lows for this move. Today I'm … [Continue reading]
I've been writing that a Value Area printed entirely below the 4672.50 Control would be a concern for the Bulls. That happened on Monday. Also that the first mechanical indication of weakness in the longer-term would be a RTH close below 4645.75 … [Continue reading]
I've been writing that a Value Area printed entirely below the 4672.50 Control would be a concern for the Bulls. That's what we saw yesterday. The first mechanical indication of weakness in the longer-term would be a RTH close below 4645.75 … [Continue reading]
I've been writing that a Value Area printed entirely below the 4672.50 Control would be a concern for the Bulls. Price during Friday's shortened session took place below that level - I'm interested to see what develops today but ES is in a weak … [Continue reading]
Big sell-off overnight. As I've been writing, a Value Area printed entirely below the 4672.50 would be a concern for the Bulls, and the first mechanical indication of weakness in the longer-term would be a RTH close below 4645.75 (dashed on chart), … [Continue reading]
ES needs to hold the 4672.50 Support. A Value Area printed entirely below that level would be a concern for the Bulls. First indication of weakness in the longer-term would be a RTH close below 4645.75 (dashed), 12th Nov Buying Day low. … [Continue reading]
Last five Value Areas have been printed entirely above 4672.50 - the First Support. That's a sign of strength. Today that Support was briefly tested after the RTH open and quickly rallied above 4690. First indication of weakness in the … [Continue reading]
Thursday's RTH briefly tested the First Support at 4672.50 and then immediately rallied, that's positive price action. Last four Value Areas have been printed entirely above that level. That's a sign of strength. First indication of weakness in the … [Continue reading]