Pre-open Wednesday 4th May See previous, highlighted, comments. Overnight ES has declined again to test the Support at 2041.00. As of one hour pre-open the low is 2040.75. Price printing time below this level would indicate further weakness. First Level Resistance = 2086.00 (min poc) First Level Support = 2041.00 (2mn poc) Stocks>50dyma numbers: Nyse […]

Technical analysis – Market pre-open 3rd May 2016 See previous comments. Monday generated a higher Value Area but overnight ES has printed back down to test Monday’s low. In the longer timeframe as long as ES holds above 2041.00 it is in a stronf location but in the Short term I would want ES printing […]

Technical analysis – Market pre-open 2nd May 2016 See previous comments. Friday generated a lower Value Area. The poc Support at 2041.00 held and ES rallied to the close but still ended the week below Mon-Wed range low which indicates Sellers Active on the weekly timeframe. Price printing time below that level would be a […]

Technical analysis – Market pre-open 29th April 2016 The first three days this week ES was no able to generate a Value Area above 2086.00, see Thursday’s highlighted comments. During Thursday’s session a fast move down started from the poc late in the day, see chart. This “may” be the start of a new distribution […]

Technical analysis – Market pre-open 28th April 2016 Wednesday generated an “outside Value Area” most of which was below 2086, the minor poc. As I wrote last week I would want to see Significant Buying (green) marked before initiating new long trades, and at current levels I would prefer that to be above 2086. Overnight […]

Technical analysis – Market pre-open 27th April 2016 Tuesday generated a higher Value Area but below 2086.00, the minor poc. As I wrote last week I would want to see Significant Buying (green) marked before initiating new long trades, and at current levels I would prefer that to be above 2086. One hour pre-open ES […]

Technical analysis – Market pre-open 26th April 2016 Monday generated another lower Value Area but rallied to close near the high of the session. Overnight ES rallied to probe 2090 and ninety minutes pre-open is printing above 2086, the minor poc. In the longer timeframe as long as ES holds above 2041.00 it is in […]

Technical analysis – Market pre-open 25th April 2016 Friday generated a lower Value Area. The low of the session came at our First Level Support, the minor poc at 2075.50, see dashed line. Subsequent price action during the day lifted that minor poc to 2086.00 which is now First Level S/R at the start of […]

Technical analysis – Market pre-open 22nd April 2016 For the first time in fifteen days I marked Significant Selling (red) on Thursday. A lower Value Area was generated but within this week’s range of VAs and above our First Level Support at 2075.50. So this is Aggressive Selling in the dayframe but Reactive in the […]

Technical analysis – Market pre-open 21st April 2016 Wednesday’s session generated another higher Value Area. As long as ES holds above 2041.00 it is in a strong price location. First Level Support has moved up to a minor (12day) poc at 2075.50. First Level Support = 2075.50 (min poc) Second Level Support = 2041.00 (2mn […]