ES BIG PICTURE
ince Oct price has been moving up on low volume
High volume spikes on down months
Last 3 months have been bullish price exploring new ATHs.
Price Volume Traded showing divergence on monthly/weekly/ TF
On daily price is moving up
On 240 price is moving up up approaching divergence level - so expect a pullback if not reversal
I will need to see...
Following from my last, I mentioned that the full half way back would be an area of interest for shorts if lower time-frames confirmed. I am still not in any swing positions because no confirmation was given. In fact, the full half way back 61.8% has failed suggesting from my way of framing the markets that price is due to head higher.
This recent move up in a V...
A very interesting week last week for the ES! (E-Mini S&P 500)
What with the tweets, corporate earnings and the continued trade war!
Uncertainty still prevails. This should be another interesting week. A lot of opportunity and I am expecting a considerable amount of volatility.
There is much in the way of scheduled news events.
Sunday open could be either be a...
Today I believe it’s going to be a balanced profile day as market awaits Sino-US trade talks outcome.
Overnight price traded within yesterday’s value area. I believe price will come down to test yesterday’s lows before going up to test overnight VPOC or try to take out overnight high before falling back within the range -baring any unexpected news of course.
Price open above yesterday’s value area. There wasn’t much movement in price overnight and the volume was extremely thin. That’s probably due to the NFP and speeches. It will be a volatile session. Difficult to trade as it’s bound to be choppy. However, price will come down to test overnight lows and yesterday’s lows. Much will depend on the various speeches...
After an eventful price action yesterday, price calmed down overnight with a slow grind pullback.
Today I am expecting the price to retest the top of the value area high and take out the overnight highs before coming back down and taking the lows of yesterday. If the lows are taken expecting price to test the weekly VPOC.
Yesterday’s price action was a bit unexpected due to earnings outcome. However, while price went up, it was not very convincing, due to the pace and low volume. Divergence remains.
Overnight session remained within the value area low of the previous session. Towards market open, price pierced yesterday’s POC and pulled back to the bottom of value area high.
An interesting week ahead. China trade relations raising it’s head. October highs stealthily taken out overnight, on low volume. More earnings reports out this week. Beware of traps!
I think the market with try to establish value at Friday’s POC before deciding whether to retest the overnight high or continue to the downside.
Wait and see what the initial...
Overnight price has been confined below yesterday's POC, around the value area low. Price rejected the low pricing. During London morning session, price still undecided. Positive GDP figures pushed up price.
I am expecting price to test overnight highs and lows, and possible yesterday’s low, before going up to take out the weekly high.
A couple of figures still...
Another day of earnings and uncertainty. Nasdaq made higher highs after earnings reports after market close. Dow lost some of the gains made on Tuesday. This has left S&P a bit flustered. There is no clear directional bias on intra-day. Overnight price action, particularly during London, held in a very narrow range. Maybe those in the know, know something retail...
Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.