posted 9.19 a.m. est Pre-open Thursday 4th February No follow through from the Buyers on Wednesday. The Value Area was narrower (within Tuesday’s) and volume contracted – typical of a market printing close to a major poc (1094). In fact Wednesday’s poc was at the same level. The 8day poc (current range) migrated to 1097 […]
Archives for February 2010
S&P 500 emini pre-open Wednesday 3rd February
posted 9.27 a.m. est Pre-open Wednesday 3rd February Significant Buying was marked on Tuesday. This was more strength than I expected to see. There was no Response from the Sellers above 1096 (the high of six days value) and all of Tuesday’s price action was above Monday’s poc – which is a sign of strength. […]
S&P 500 emini pre-open Tuesday 2nd February
posted 8.10 a.m. est Pre-open Tuesday 2nd February Monday generated another overlapping Value Area – very narrow on much reduced volume. The last four days have ranged between 1094 resistance and 1065 support. 1096 is the high of the 6day cumulative Value Area and therefore a probe above the 1094 poc should represent opportunity for […]
S&P 500 emini pre-open Monday 1st February
posted 9.22 a.m. est Pre-open Monday 1st February Highlighted previous comments are relavant. Last week I marked two instances of Significant Selling and no Significant Buying. The week finished with Aggressive Selling (red-at-bottom) which almost tested the next major support level at 1065. Sellers (red) dominate at the moment and there has been no Significant […]