posted 9.18a.m. est from pre-open comment Wednesday 29th April >>Buyers responded on Tuesday, once again below 2dayVA – at first level support. Value Area was overlapping and narrower. For the last six days I have marked no significant selling. 854 is now strong first level support. Price printing above that level puts ES in a […]
Archives for April 2009
SP500 emini pre-open Wednesday 29th April
posted 4.35a.m. est pre-open comments Tuesday 28th April >>Pre-open ES trades around first level support at 841. Last twelve days have been in a range between the two bands shown on the chart (872 & 830) which represent major pocs. Only two instances of Significant Selling marked during that period. Bulls should look for ES […]
SP500 emini pre-open Tuesday 28th April
posted 7.50a.m. est from pre-open comment Monday 27th April >>First level support is 841 going into today’s session. Pre-open ES has traded down to the 1/2Range at 847.5. Based on the dominance of the Buyers at the moment and the ineffective response seen from the Sellers we have to expect further upside as long as […]
Webcast 27th April
webcast 27th April
SP500 emini pre-open Monday 27th April
posted 9.15a.m. est from pre-open comment Friday 25th April >>To remain bullish in the longframe I need to see ES continuing to print Value Areas above 830 which it has done for 10 days now. ES tested down to this major level on Thursday and support was found just above. That can be a bullish […]
SP500 emini 24th April
posted 10.10a.m. est pre-open comments Thursday 23rd April. >>Based on recent imbalances marked, I will assume that Buyers are in control and therefore expect support to hold (rather than resistance). 1/2Range at 847.5 (Friday High to Tuesday Low). This is the important level today. If ES can print above 847.5 we have to assume higher […]
SP5 emini pre-open Thursday 23rd April
posted 9.27a.m. est From pre-open comment Wednesday 22nd April When Aggressive Buying (green at top) is marked, the high of that day will be tested the following day, 70% of the time. Therefore we should expect Tuesday’s high at 848.75 to be exceeded at some point during today’s session. If it is not then we […]
SP500 emini pre-open Wednesday 22nd April
posted 09.24a.m. est from pre-open Tuesday 21st April >>If Buyers remain in control I would expect them to respond quickly and auction price back above 830. If they fail to do so it will be a big clue that control is shifting to the Sellers – confirmed if we see effective selling below 830. Frankly, […]
Webcast 20th April
webcast 20th April
SP500 emini pre-open Tuesday 21st April
posted 9.22a.m. est from pre-open comment Monday 20th April >>The day following three consecutive days of active buyers usually sees buyers resting giving sellers the opportunity to appear (e.g. Tue0414). For Monday the bottom of 2dayVA is 853 and it is likely that buyers will be offered opportunity below that level today. Throughout this rally […]