Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Decent accumulation/distribution occurring in the ON session with the current contract from around 4250 which in the premarket timeframe has seen the most contracts traded. Point of Control from yesterday’s RTH sits at 4228.50 so we have moved higher nicely and are developing above 4250 in the Extended Trading Hours [ETH]. We had a poor … Continue reading “TradeGuidance premarket summary for ES futures”
Read MoreThere appears to be resistance above 4242 today in the early survey of futures participation in what will be the first full week where we actively work with the September expiration contracts for the Emini index futures. Volume still remains split and has not entirely transitioned over to the September expiration and will more than … Continue reading “TG’s premarket report for index futures”
Read MoreFutures have now rolled to the September expiration although volume still remains strong in the prior period contracts. The profile chart below reflects the current expiration so does the table with key-levels. Not much of a gap or departure from value when you factor overnight price action which has remained net-long. We are about 7 … Continue reading “Premarket report for the S&P futures”
Read MoreValue area has migrated lower from yesterday’s reading and the weekly unemployment news of claims falling by just 9000 for the week wasn’t what the street was expecting indicative of a sputtering restart of the economy. Regardless, we dipped in nicely below the Fibonacci stops as is customary of such days where if you happen … Continue reading “Premarket summary for the Emini S&P futures”
Read MoreIn intraday trading today AUD/USD has turned lower after failing to decisively breach above the 0.7760 level shown on the chart below for the spot pair. The currency pair appears headed back toward a measurable SMA [50-period], which could offer support as it has since early April. Bearish momentum appears to be grabbing hold as … Continue reading “AUD/USD and 6A [AUD] analysis”
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