posted 9.29 a.m. Pre-open Wednesday 5th August As the stats suggested Monday’s high was tested. We have the same expectation for today (Wednesday) because Significant Buyers were marked twice on Tuesday. Intraday oscillators are showing some negative divergence with the price action so maybe ES will set back after an early test of Tuesday’s high […]
Archives for August 2009
S&P 500 emini pre-open Tuesday 4th August
posted 5.50 a.m. est Pre-open Tuesday 8th August Monday’s Value Area was higher, wider on reduced volume. I marked aggressive Buying (green at top). This normally indicates higher in the short term, i.e. 80% of the time the following day will test the high. The day session low on Monday was 988.75. The day following […]
webcast 31st July
webcast 31st July
S&P 500 emini pre-open Monday 3rd August
posted 9.16 a.m. Pre-open Monday 3rd August Although the market is overbought by most measures (e.g. 85% of stocks in my Nyse list are above their 50day ma) it hasn’t auctioned high enough to attract a response from the Significant Sellers. We’ve seen eighteen days now without Significant Selling. First Level S/R moves to ES […]