posted 9.22 a.m. edt Pre-open comment Thursday 7th July Wednesday generated another Value Area entirely above the 1327 maj poc. Responsive and Aggressive Buying was marked. Support was found at the maj poc at 1327 – see previous comments (highlighted). 1st Level S/R = 1327 (maj poc) (132.18 SPY) 2nd Level Support = 1310 (1/2R […]
Archives for July 2011
webcast 6th July
webcast 6th July
S&P 500 emini pre-open Wednesday 6th July
posted 9.28 a.m. edt Pre-open comment Wednesday 6th July ES generated a very narrow Value Area on Tuesday on low volume but the entire VA was above the 1327 maj poc which is the major level of Support (and possible Resistance). As noted, the VAH measured over various timeframes comes in at 1339 and with […]
S&P 500 emini pre-open Tuesday 5th July
posted 9.05 a.m. edt Pre-open comment Tuesday 5th July Three weeks ago sentiment readings reached extreme bearish levels, i.e. contrarian Bullish (see previous comments highlighted) but for the following two weeks the market didn’t want to rally. However, on Monday last week an attempt to break below the 1265.50 poc was rejected “for the third […]
S&P 500 emini pre-open Friday 1st July
posted 9.26 a.m. est Pre-open comment Friday 1st July The 1/2R Resistance at 1310 was exceeded early in the session and ES generated another higher Value Area and strong close. Note that today is one year from July low 2010 and 60days from market high in May. Dayframe: Key Charts to watch SPY – high […]