from pre-open comments Friday 3rd April >>Thursday’s VA was above 830, which is now the major controlling price for this contract. That is bullish if 830 holds. I’m also seeing strong price location now on the weekly charts with indices printing above their 1/2H levels and overcoming resistance. Breadth is also supportive. With buyers in […]
Archives for April 2009
SP500 Commitments of Traders Data 3rd April
As of Tuesday 31st March, SP500 Commercials were 10,000 net contracts more short than they were a week before.
SP500 Commitments of Traders Data 3rd April
SP500 emini pre-open Friday 3rd April
posted 8.50a.m. est from pre-open comment Thursday 2nd April >>Buyers still in control. Pre open, ES has traded higher, probing the major resistance level at 830 as we saw a week ago. If 830 is accepted rather than rejected this time then I would expect development to the 850 area but 830 may prove a […]
SP500 emini pre-open Thursday 2nd April
posted 9.22a.m. est from analysis Tuesday 31st March >>Typically at a change of trend from up to down I will record responsive selling (red at top) before the down trend begins. We have not seen that yet. Much safer for bears to wait for that confirmation.<< from pre-open comments Wednesday 1st April >>…we should expect […]
sp500 emini pre-open Wednesday 1st April
posted 5.30a.m. est from analysis Tuesday 31st March >>Typically at a change of trend from up to down I will record responsive selling (red at top) before the down trend begins. We have not seen that yet. Much safer for bears to wait for that confirmation.<< There has only been one significant buying or selling […]