Archives for April 2011

posted 9.29 a.m. est Pre-open comment Friday 29th April Wednesday’s green-at-top high was exceeded.  Value Area was higher.  Monday marked the low of the week so far with Thursday on the high. If Friday closes above 1354 (Wednesday’s high) we have a bullish Weekly Structure this week. No Sellers marked for 10 days. 4day Support […]

posted 9.29 a.m. est Pre-open comment Thursday 28th April ES tested the First Level Support at 1342 early in the session but Wednesday’s VA was generated above this level.  Later in the day Aggressive Buying was marked. We now have a green-at-top high which are usually tested during the following session, i.e. it is unusual […]

posted 9.07 a.m. est Pre-open comment Wednesday 27th April ES session low Tuesday was 1334.50, i.e. holding above the minor poc at 1333.  This was a further indication of ST strength.   February’s high was exceeded and the SP500 index reached its highest level since June 2008.  No Response marked from the Sellers.  Buyers in control.  […]

posted 9.28 a.m. est Pre-open comment Tuesday 26th April The 1327 (5month poc) support held during Monday’s session and again overnight.  ES printing below this level would be the first indication of ST weakness and so far this week this has not occured.  Although no Significant Buying has been marked since the gap up last […]

posted 8.55 a.m. est Pre-open comment Monday 25th April All of Thursday’s session held above the 1327 (5month poc) support.  If ES holds above this level at the start of this week it is in a strong position and February’s high at 1337.75 (which was matched pre-open Thursday) will very likely be exceeded but currently […]

posted 9.29 a.m. est Pre-open comment Thursday 21st April ES gapped open on Wednesday but Responsive Sellers did not step in.  Instead there was enough time spent at 1327 to migrate the 5month poc slightly lower to this level.  This is now Support.  Dayframe: Short Trades still eliminated for me.  If ES can hold and […]

posted 9.29 a.m. est Pre-open comment Wednesday 20th April Looks like my interpretation of the recent Buying Activity was uneccessarily over-complicated (see yesterday’s pre-open comments). Fact is we had Significant Buyers marked for three consecutive days (now four).   Buying (green) was marked last Thursday so Short Trades have been eliminated for me since pre-open Friday […]

posted 9.29 a.m. est Pre-open comment Tuesday 19th April ES fell soon after the open on Monday but found Support (within the zone given) just above the 1/2R off February high.  It is always helpful to ask the questions “who is Active?” and “are they Effective?”.  You can see from the chart that in the […]