Below is the e-Tick-Tools chart for today. (These charts are updated on a daily basis in the Historical Analysis Charts section of our site.)
Quite a day overall and exceptional day for e-Tick-Tools. Emotional analysis of the market is sometimes so prescient that its accuracy surprises even when one comes to expect it. Today was such a day. The daily projection called for an up day from Monday AM to Tuesday AM. Monday is statistically one of the most bullish at this time and all it could yield was 8 points on ES. So, we can count another notch in the belt for the daily market structure projections. Interestingly, tomorrow is projected slightly up or consolidation with an up bias from this morning's lows. I must say, I will not be surprised with the market gaining traction here and getting an up morning thus fulfilling the daily market structure.
However, without commenting on specifics in the markets this is a time that anything can happen. The charts presented on the weekend demonstrate that there is precious little capital to hold the markets up if something goes wrong. Most investors are not doing well and have not for a long time and do not have much in reserve. To do well in the market you need to operate overnight or buy and hold and operate without a concern in the world that something can go wrong...because as they say - this time IS different.
Below is today's overview of e-Tick-Tools analysis. Also, note a basic view of Gap Tools is also displayed. Gap Tools posts Gap probabilities after the first 60 seconds of the market open...so gap info was generated at 9:31 am. Since the site is new we wanted to spend extra effort to post educational content regarding some of our work. Hence the fairly significant number of posts over the last days. The objective of the blog is not to post with such high frequency. However, markets are at an interesting point. In addition, we wanted to meeting the public with some extra effort applied to sharing things we think are important. We hope for a long and fruitful relationship with our clients and readers.