Technical analysis – Market pre-open 2nd December 2015 ES consolidated for seven days having stalled at the 2094 maj poc with no Significant Buying being marked, see previous highlighted comments. On Tuesday Aggressive Buying (green-at-top) was marked as ES broke above that level. We have three days of potentially high volatility but if chart holds […]

Technical analysis – Market pre-open 1st December ES has been consolidating for seven days having stalled at the 2094 maj poc. Bulls would want to see price above this level and the likely volatility we’ll see later in the week with the ECB decision and U.S. jobs data, could resolve the matter. Potential area of […]

Technical analysis – Market pre-open 30th November 2015 The shortened week was spent consolidating and no Significant Buying or Selling was marked. Last week the 5mn poc migrated to 2087.00, close to the maj poc at 2094.00. Price relative to these levels will be a good guide to strength/weakness. Thirty minutes pre-open today ES is […]

Technical analysis – Market pre-open 27th November 2015 The 5mn poc has migrated to 2087.00, close to the maj poc at 2094.00. Price relative to these levels will be a good guide to strength/weakness. Thirty minutes pre-open ES is printing between these two levels. Potential area of S/R is 2087.00 (5mn poc) to 2094.00 (maj […]

Technical analysis – Market pre-open 25th November 2015 Overnight on Tuesday ES printed close to the 2063 Support and rallied back during Tuesday’s session. The numbers +9 and +106191 indicate Buyers were active intraday but notice the overlapping/lower Value Area which indicates their activity was not “Effective”. Neither Buyers or Sellers have been Effective in […]

Technical analysis – Market pre-open 24th November 2015 ES probed the 2094 Resistance (major poc) late last week and has stalled with the last three Value Areas being narrow on below-average Volume. This could be Buyers Resting looking for a response from the Sellers but until price prints time above the 2094 Resistance I will […]

Technical analysis – Market pre-open 23rd November 2015 On Tuesday and Thursday last week Sellers were active intraday but were not Effective as both days generated higher Value Areas. Buyers were more successful and ES rallied throughout the week to probe the 2094 Resistance (major poc) on Friday. Price printing time above this level would […]

Technical analysis – Market pre-open 20th November 2015 Sellers were active intraday on Thursday but, similar to Tuesday, they were not Effective, generating a higher but very narrow Value Area. The VA was printed entirely above the 2063.00 poc and as long as ES holds above this level it is in a strong price location. […]

Technical analysis – Market pre-open 19th November 2015 On Wednesday ES found Support at 2054, the minor 1/2R and rallied to print more time at the 2063.00 poc. The Value Area was centred around this level and a VA printed entirely above this price (now Support) would be a further positive. Aggressive Buying (green-at-top) was […]

Technical analysis – Market pre-open 18th November On Tuesday ES rallied further to briefly probe our First Level Resistance at 2063.00. Chart declined from there to close near the low of the day. Sellers were active intraday but the Value Area was generated higher, so, like the Buying on Monday, this was not an Effective […]