posted 9.29a.m. est
>>from pre-open Monday 1st June
I’m expecting a big surge in bullish sentiment if the January high is tested. Price could well accelerate up into the 91day time count from low which comes in early next week.<<
>>from pre-open Tuesday 2nd June
The January high was tested on Monday.
There’s usually some backing and filling following a day like Monday especially a.m. the next day.
ES spent most time printing 941 on Monday and that level may continue to be attractive.<<
Pre-open Wednesday 3rd June
Buyers resting. Significant Sellers responded from 949 (red at top). Value Area was overlapping/higher generating less volume, so Selling was ineffective. I’m expecting the Buyers to respond again somewhere below Tuesday’s low at 936.75 and above 908.
Today, Wednesday, we’ll likely see ES filling below the 941 level which becomes First Level S/R. All comments above are relevant.
