posted 8.39 a.m. est Pre-open comment Tuesday 10th May Monday’s session low came in at the given First Level S/R and overnight ES has probed up to test the First Level Resistance at 1349.50. The minor poc (20day) migrated to 1344 and pre-open ES prints just above that level. See yesterday’s highlighted comments on graphic. […]
Archives for May 2011
webcast 9th May
webcast 9th May
S&P 500 emini pre-open Monday 9th May
posted 8.30 a.m. est Pre-open comment Monday 9th May Last week I marked two instances of Significant Selling and no Significant Buying. The major poc Support at 1327 was tested very briefly on Thursday and the minor 1/2R tested briefly on Friday. Effective Selling below 1327 or Effective Buying above 1349.50 will indicate further weakness/strength. […]
S&P 500 emini pre-open Friday 6th May
posted 9.29 a.m. est Pre-open comment Friday 6th May Thursday’s high was a slight test of the 1344 minor level of Resistance and then sold off down to the major support at 1327 – both levels given pre-open yesterday. There was a brief test of that support which has so far held – ES currently […]
webcast 5th May
webcast 5th May
S&P 500 emini pre-open Thursday 5th May
posted 9.29 a.m. est Pre-open comment Thursday 5th May Last two days we’ve seen lower Value Areas and the previous day’s poc (dotted) has not been exceeded during the day session. I’ve noted this before and it’s a weak pattern. Wednesday’s low found support (temporary?) at February’s high which is an obvious level watched by […]
S&P 500 emini pre-open Wednesday 4th May
posted 04.30 a.m. est Pre-open comment Wednesday 4th May Tuesday saw further weakness following Monday’s Aggressive Selling. Session close was below previous two lows and that pattern usually indicates a further low test (Tuesday’s low). With the LT analysis looking positive I will assume this early-in-the-week weakness is normal corrective activity unless ES fails to […]
webcast 3rd May
webcast 3rd May
S&P 500 emini pre-open Tuesday 3rd May
posted 9.26 a.m. est Pre-open comment Tuesday 3rd May Significant Selling was marked on Monday and although this was Ineffective Selling (overlapping/higher and wider Value Area) Long Trades are now eliminated for me until Significant Buying (green) is marked again. Monday’s session low was at the support given pre-open although ES currently prints just below […]
S&P 500 emini pre-open Monday 2nd May
posted 07.10 a.m. est Pre-open comment Monday 2nd May Last week I marked two instances of Significant Buying and no Significant Selling. No Selling imbalances have been marked for eleven days. Short Trades have been eliminated for me since pre-open 15th April. The Chartprofit Market Timing system furned positive for the Nyse, Nasdaq and R2000 […]