posted 9.25a.m. est
from pre-open comment Monday 8th June
>>Selling so far has been Ineffective (Friday’s Value Area was overlapping/higher). Since the March low any Significant Selling has been followed almost immediately by a response from the Significant Buyers. If we see that pattern change it would be an indication that control may be shifting.
Bears would want to see Effective Selling below 941 (current controlling price)
Bulls need to see ES printing back above 941.<<
Pre-open Tuesday 9th June
Pre-open ES prints 941. Lack of directional conviction at the moment – ES keeps returning to 941 which is the current controlling price. Comment unchanged from Monday – see above.
