Daily analysis - Stock Market, Bonds, Forex and more
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]
The 10-day Control migrated to 4788.0. Potentially Resistance. Support at 4689.0, the 5mn Control. Aggressive Buying (green) has been marked three times in the last seven days. Buyers have been Active and Effective. First sign of weakness … [Continue reading]
The 10-day Control migrated to 4783.0. Potential Support today. More important Support at 4689.0, the 5mn Control. Aggressive Buying (green) has been marked three times in the last six days. Buyers have been Active and Effective. … [Continue reading]
The 5mn Control migrated higher to 4689.0, pre-RTH on Thursday. Value Areas on Thursday and Friday were generated above that level. Aggressive Buying (green) has been marked three times in the last four days. Buyers have been Active and Effective and … [Continue reading]
Pre-RTH the 5mn Control has migrated higher to 4689.0. ES currently prints above that level (now Support) in a strong position. Aggressive Buying marked on Tue and Wed. … [Continue reading]