Technical analysis – Market pre-open 8th April 2016 I have mentioned many times that when imbalances fail to follow on it is often a clue that price action is close to a developing poc of some importance. Wednesday’s (green-at-top) high was not tested on Thursday, see yesterday’s highlighted comments. Price was finding 2041 attractive and […]

Technical analysis – Market pre-open 7th April 2016 In Wednesday’s session an early probe below 2041.00 (minor poc) was rejected and ES rallied to a strong close, see previous highlighted comments. Aggressive Buying (green-at-top) was marked which is usually an ST sign of strength but if Wednesday’s session low (2035) is broken it would negate […]

Technical analysis – Market pre-open 6th April 2016 Tuesday’s session generated a lower Value Area. ES held 2033, see previous comments, but intraday that minor poc has migrated higher 2041.00. Post-open price relative to that level could be a guide to ST strength/weakness. Minor Support/Resistance = 2041.00 (minor poc) First Level Support = 1990 (38day […]

Technical analysis – Market pre-open 5th April 2016 On Monday ES generated a higher/overlapping Value Area. Intraday the Sellers have been active for four days now, see highlighted numbers, and although ES has stalled this activity has been Ineffective so far. Overnight, there has been weakness with ES printing back down to the low of […]

Technical analysis – Market pre-open 4th April 2016 ES opened lower on Friday but found early Support just above the minor (15day) poc at 2033.00, see Friday’s highlighted comments. An”outside” Value Area was generated and chart closed strong for the day and the week. As long as ES holds 2033.00 it is in a strong […]

Technical analysis – Market pre-open 1st April 2016 See Thursday’s highlighted comments. Sellers were active on Thursday but only an overlapping/slightly lower Value Area was generated so this was not convincingly Effective activity. Even so, by strictly appliying my rules, I had to mark Aggressive Selling (red-at-bottom). So far, this looks like normal corrective activity […]

Technical analysis – Market post-open 31st March 2016 See Tuesday’s highlighted comments. ES rallied early in Tuesday’s session and then cosolidated above 2033.00, the minor poc. Agrressive Buying (green-at-top) was marked later in the day. Wednesday consolidated at a higher level above the mid 2040s which had previously proved Resistance. Significant Selling (red) is yet […]

Technical analysis – Market pre-open 29th March 2016 See Monday’s highlighted comments. Monday’s session high found Resistance at the minor poc, 2033.00 and again overnight and pre-open is printing lower. With PriceOsc (although positive) still heading down for the four major stock index ETFs I woiuld want to see price printing time above ES 2033 […]

Technical analysis – Market pre-open 28th March 2016 See previous comments. ES has failed to print time above the mid 2040s area of price, see previous comments but until Significant Selling (red) is marked I assume Buyers are still in control and as long as ES holds above 1990 it is in a strong price […]

Technical analysis – Market pre-open 24th March 2016 We have not seen a markable Selling response but ES has failed to print time above the mid 2040s area of price, see Friday’s highlighted comments. Intraday Sellers were active on Wednesday and a lower Value Area was generated and ninety minutes pre-open ES is printing below […]