Technical analysis – Market pre-open 8th February 2016 See previous comments. On Friday I marked Aggressive Selling for the second time in the week. The Value Area was lower and wider but held above the 1870 Support. Overnight though global equitie have fallen and pre-open ES has printed below that Support and below 1850.00. This […]

Technical analysis – Market pre-open 5th February 2016 See previous comments. Thursday’s session generated a higher, narrower Value Area above both Support levels that we are currently monitoring. This week’s low (so far) was a brief, rejected test below the 1870 poc and if ES should close strong today that would start to look like […]

Technical analysis – Market pre-open 4th February 2016 See previous comments. Wednesday’s red-at-bottom low was broken soon after the open but following a very brief test of the 1870 Support, see chart, ES rallied strongly. The rally was following oil higher and the fact that Sellers were active intraday and the Value Area was lower […]

Technical analysis – Market pre-open 3rd February 2016 Immediately after Tuesday’s open ES printed below Monday’s session low (1912.50) which negated any ST positive implications of that green-at-top high, see yesterday’s comments. Aggressive Selling was marked. A green-at-top day followed by a red-at-bottom day are rare and reflects the current volatility. Overnight ES briefly probed […]

Technical analysis – Market pre-open 2nd February 2016 See previous comments. On Monday Aggressive Buying was marked again but the Value Area was narrower and Volume was below average. If ES prints below Monday’s session low (1912.50) post-open today then any ST positive implications of that green-at-top high would be negated and pre-open ES prints […]

Technical Analysis – Market pre-open 1st February 2016 See Friday’s highlighted comments. The ST analysis improved last week. ES held minor poc at 1886.50 on Friday and we saw a strong end to the week. Friday closed above Mon-Wed Hi-Lo range and the weekly bar was higher which gives the first positive weekly structure since […]

Technical Analysis – Market pre-open 29th January 2016 See previous comments. Once again, another test of the 1870 Support was rejected, see chart, and a fifth consecutive Value Area was generated above that level. In the ST this is encouraging and in the Dayframe if ES can hold the minor (35dy) poc at 1886.50 post-open […]

Technical Analysis – Market pre-open 28th January 2016 Another late sell-off (like Monday) tested the 1870 Support, see chart, but the last four Value Areas have been generated entirely above that level which is encouraging. Bulls would want to see that continue, a Value Area printed below 1870 would suggest further weakness. The market is […]

Technical Analysis – Market pre-open 27th January 2016 I suspected that the Aggressive Selling on Monday did not represent Effective Selling, see yesterday’s comment, and during Tuesday’s session ES exceeded Monday’s high which negates any ST negative implications of that imbalance. The last three Value Areas have been printed entirely above the 1870 poc and […]

Technical Analysis – Market pre-open 26th January 2016 See previous comments. I marked Aggressive Selling on Monday but the session held the 1870 Support. Most of the session was spent consolidating above 1880, hence the Value Area was generated entirely above this level, and only a late oil-realated sell-off triggered the red-at-low mark so I’m […]