posted 9.18a.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..<<
from 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..<<
Pre-open Thursday 4th June
Significant Buyers (green) have been absent from the daily profile for three consecutive days. The maximum since the March low has been four. I expect them to respond today or tomorrow.
I’m not initiating any new positions today. I’m not interested in the short side until I mark Effective Selling and the last imbalance was Red so I cannot yet go long.
First Level S/R today is 937.5 If ES finds resistance at that level then a test of Wednesday’s low is certainly a possibility.
All comments above are relevant
