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 […]

Technical analysis – Market pre-open 23rd March 2016 Significant Selling (red) has not been marked for sixeen days. ES printed a new high during Wednesday’s session but once again an overlapping Value Area was generated. The price area around mid 2040s is proving a little difficult (see Friday’s highlighted comments) but price is being accepted […]

Technical analysis – Market pre-open 22nd March 2016 Significant Selling (red) has not been marked for fifteen days. ES printed a new high during Tuesday’s session but an overlapping Value Area was generated and overnight has printed below 2030. The price area around mid 2040s is proving a little difficult (see Friday’s highlighted comments). Price […]

Technical analysis – Market pre-open 21st March 2016 Note: I am now following the June contract. Last week’s data has been backfilled and shows The June contract from last Monday. Aggressive Buying (green-at-top) was marked twice last week with ES printing a new high for this rally. Significant Selling (red) has not been marked for […]

Technical analysis – Market pre-open 18th March 2016 On Thursday Aggressive Buying (green-at-top) was marked again as ES printed a new high for this rally. Buyers are still in control, see Wednesday’s highlighted comments. Significant Selling (red) has not been marked for thirteen days. Dayframe: First hour post-open today I will be interested to see […]

Technical analysis – Market pre-open 17th March 2016 On Wednesday Aggressive Buying (green-at-top) was marked again as ES printed a new high for this rally. Significant Selling (red) has not been marked for twelve days. Buyers are still in control, see yesterday’s highlighted comments. First sign of weakness would be time printed below 1990. First […]

Technical analysis – Market pre-open 16th March 2016 See previous comments. On Tuesday intraday Buyers were active, see highlighted numbers, but ES generated a lower Value Area. This could be seen as a slight negative. I also note that Momentum (PriceOsc) for all four major stock index ETFs has turned down and has a reliable […]

Technical analysis – Market pre-open 15th March 2016 See previous comments. Last week ES consolidated at higher levels centred around 1990 which emerged as a minor (30day) poc. Price relative to that level may be useful to monitor as a guide to ST strength/weakness. On Monday ES probed above Friday’s green-at-top high but generated a […]

Technical analysis – Market pre-open 14th March 2016 We saw a series of Values Areas at higher levels consolidating around 1990 which emerged as a minor (30day) poc. Price relative to that level may be useful to monitor as a guide to ST strength/weakness at the start of this week. In the LT, as long […]