posted 9.25 a.m. est Pre-open Monday 5th October Last week I marked two instances of Significant Selling and one of Significant Buying. On Friday Buyers Responded early in the session but the Value Area was overlapping/lower so this is Ineffective Buying. Note that the last two weeks have seen relative strength early in the week […]
Archives for October 2009
S&P 500 emini pre-open Friday 2nd October
posted 9.26 a.m. est Pre-open Friday2nd October Day session high on Thursday was 1049.5 (see pre-open comment above) and ES auctioned swiftly lower. Significant Sellers were marked again, aggressively auctioning the market lower (red at bottom). Value Area was lower and wider so this is Effective Selling for the first time since Sept 1st – […]
S&P 500 pre-open Thursday 1st October
posted 9.28 a.m. est Pre-open Thursday 1st October Pre-open yesterday I suggested that Tuesday’s low would likely be tested but that Bears should wait for Effective Selling below 1056. Without directional conviction from either the Significant Buyers or Sellers price is likely to return to the current controlling price (value) as it did on Wednesday […]