Technical analysis – Market pre-open 20th April 2016 Tuesday’s session generated a higher Value Area. No Reaction from the Sellers around 2090, see yesterday’s comments. As long as ES holds above 2041.00 it is in a strong price location but I’ve moved First Level Support up to a minor (11day) poc at 2075.50. First Level […]

Technical analysis – Market pre-open 19th April 2016 Buyers were active again on Monday. For three days ES consolidated at higher levels with no reaction from the Sellers and on Monday Buyers stepped back in (green). As long as ES holds above 2041.00 it is in a strong price location. I’ve been targeting 2090, see […]

Technical analysis – Market pre-open 15th April 2016 See previous comments. Buyers have been active this week (green). ES made another new high for this rally on Thursday and as long as it holds above 2041.00 it is in a strong price location. First Level Support = 2057.00 (minor poc) Second Level Support = 2041.00 […]

Technical analysis – Market pre-open 14th April 2016 See previous comments. Buyers were active again on Wednesday as ES made a new high for this rally and as long as it holds above 2041.00 it is in a strong price location. First Level Support = 2057.00 (minor poc) Second Level Support = 2041.00 (2mn poc) […]

Technical analysis – Market pre-open 13th April 2016 See previous comments. On Tuesday I marked Significant Buying (green) twice. ES finished the session just below 2057.00, the minor Resistance, but overnight has rallied above this level and pre-open has printed high 2060s. 2057.00 is now minor First Level Support but as long as it holds […]

Technical analysis – Market pre-open 12th April 2016 On Monday there was an early rally to the Resistance at 2057.00, the minor poc, see yesterday’s highlighted comments. ES did not manage to print any time above that level and sold off to close the session back below 2041.00., 2mn poc and 30 minutes pre-open is […]

Technical analysis – Market pre-open 11th April 2016 ES generated an overlapping Value Area on Friday and closed the sessioin at 2041.00, the 2mn poc. Price relative to this level could give an indication re ST strength/weakness at the start of this week with minor poc Resistance coming in atat 2057.00. One hour pre-open ES […]

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 […]