Daily analysis - Stock Market, Bonds, Forex and more
On Wednesday more time early in RTH at 4673.5, the minor control, and then sold off. I marked Aggressive Selling (red) on Wed for first time since late September. Red-at-bottom lows get re-tested abvout 80% of the time within 2 days. As I wrote on … [Continue reading]
On Wed more time early in RTH at 4673.5, the minor control, and then sold off. I marked Aggressive Selling (red) for firsttime since late September. Makes me more cautious. As I wrote yesterday "I'd want to see time printed back above that price … [Continue reading]
Today: The 5day migrated lower to 4673.5, see yesterday's comments. Need to monitor price relative to that level and currently ES is printing below it. I'd want to see time printed back above that price before looking at new longs - price action in … [Continue reading]
Today: 5day is at 4691. ES opened RTH above that level and sold off immediately. 1 hour in and printing 4672. I'm holding off new longs unless 4691 is recovered or that 5day migrates lower. LT: 4570 is First Level Support. A RTH close below 4613, … [Continue reading]
4570 is First Level Support. A RTH close below 4613, the low of last Wednesday's Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio ended the week at 28.75. The previous week's extreme at 48.48, … [Continue reading]
4570 is First Level Support. A RTH close below 4613, the low of Wednesday's Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio was lower at 33.68. Last week's extreme at 48.48, was the highest … [Continue reading]
4570 is First Level Support. A RTH close below 4613, the low of yesterday's Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio was higher at 34.64. Last week's extreme at 48.48, was the highest … [Continue reading]
The minor control migrated to 4570 last week. Value Areas since then have been generated entirely above that level, an indication of strength. 4570 is First Level Support. A RTH close below 4560, the low of Friday's Buying Day, would be a first … [Continue reading]
The minor control migrated to 4570 on Wednesday. Value Areas since then have been generated entirely above that level, an indication of strength. 4570 is First Level Support. ES has opened RTH higher this morning. A RTH close below 4560, the low of … [Continue reading]
The minor control migrated to 4570 on Wednesday. Value Areas on Thursday and Friday were generated entirely above that level, an indication of strength. 4570 is First Level Support. ES has opened RTH higher this morning. A RTH close below 4560, the … [Continue reading]