Technical analysis – Market pre-open 17th November 2015 On Monday buyers were active intraday. The rally was impressive and 2054, the very minor 1/2R off the recent high, has been probed pre-open today. The Value Area was only overlapping/”outside”, on less than average Volume and I would prefer to see a more Effective session from […]

Technical analysis – Market pre-open 16th November Please read previous highlighted comments. I wrote in last Monday’s pre-open “Sellers have an opportunity at the start of this week – let’s see if they make a mark”. AS it turned out Aggressive Selling was marked twice last week and Thursday’s and Friday’s Value Areas were printed […]

Technical analysis – Market pre-open 13th November 2015 Please read previous highlighted comments. In Thursday’s session a probe into the 5mn poc at 2063 was rejected and ES sold off. The Value Area was generated entirely below that level which is an indication of weakness and Aggressive Selling was marked. These red-at-bottom lows are tested […]

Technical analysis – Market pre-open 12th November 2015 Wednesday was a net Selling day but like the intraday Buyers on Tuesday (see yesterday’s comments) the Selling was not Effective as the Value Area was overlapping/higher. No Significant Buying (green) or Selling (red) has been marked for seven days. Time printed below 2063 would indicate further […]

Technical analysis – Market pre-open 11th November 2015 Buyers were active intraday during Tuesday’s session. The Value Area was narrow and “inside” the previous VA so not a convincingly Effective session for the Buyers. Even so, the 5month Support at 2063 has held and ES is not in a weak position unless that level is […]

Technical analysis – Market pre-open 10th November 2015 Monday saw some further weakness (see yesterday’s highlighted comments) and the Support at 2063.00 was tested. This level could be intraday Support or Resistance today. Significant Selling (red) has not been marked (for eighteen days) that would be a further ST negative, especially below 2063.00 Key Charts: […]

Technical analysis – Market pre-open 9th November 2015 On Monday and Tuesday last week buyers were active, generating higher, wide Value Areas. Then followed two days where sellers were active generating overlapping, narrow VAs which is typical corrective activity in an uptrend with no sign of real dayframe weakness. Friday was a little different and […]

Technical Analysis – Market pre-open 6th November 2015 A Value Area printed below 2095 (12mn poc) would be the first sign of weakness. Price relative to this level will be sgnificant post jobs data today. Overnight ES spent most time printing very close to this level. Significant Selling (red) has not been marked for sixteen […]

Technical analysis – Market pre-open Thursday 5th November See previous highlighted comments. A Value Area printed below 2095 (12mn poc) would be the first sign of weakness but currently (two hours pre-open) ES is printing above 2100. Significant Selling (red) has not been marked for fifteen days. Key Charts: IWM closed above 118.0, the 1/2R […]

Technical analysis – Market pre-open 4th November 2015 See Tuesday’s highlighted comments. Monday’s green-at-top high was tested on Tuesday and a higher Value Area was generated above 2095 (12mn poc). If ES holds above this level it is in a strong price location. Key Charts: IWM closed above 118.0, the 1/2R off this year’s high. […]