Technical analysis – Market pre-open 7th October 2015 Following the Aggressive Buying on Friday, ES gapped higher to open on Monday. Tuesday tested Monday’s green-at-top high but most time during the session was spent printing at 1971.00, the 1/2R off this year’s high. This level could be intraday Support or Resistance today. Price printing time […]

Technical analysis – Market pre-open 6th October Following the Aggressive Buying on Friday, ES gapped higher to open Monday’s session. The 1/2R Resistance at 1971.00, was probed and Aggressive Buying was marked again. These green-at-top highs are tested within a day (or two) 80% of the time but this stat is less reliable when marked […]

Technical Analysis – Market pre-open 5th October 2015 Please read previous highlighted comments. On Friday ES opened lower following jobs data but rallied strongly with Aggressive Buying (green-at-top) being marked and closing the week above the 1923.00 poc. As long as ES holds above 1923.00 it is in a strong price location. Pre-open today ES […]

Technical analysis – Market pre-open 2nd October Please read previous highlighted comments. Overnight ES printed more time at 1923.00, the 50dy poc but following a poor jobs report has printed back below 1900. Bond futures rallied and gold is up with dollar lower. More in today’s webcast. Second Level Resistance = ES 1971.00 (1/2R off […]

Technical analysis – Market pre-open 1st October 2015 Please read previous highlighted comments. ES (and SPY) found Support this week at the given poc levels. From that point ES rallied on Wednesday and overnight enough time was spent at 1923.00 to migrate the 55day poc to the level. This is significant. Having watched these distributions […]

Technical analysis – Market pre-open 30th September 2015 Monday’s red-at-bottom low was tested but ES found Support at the 1865.00 poc, see yesterday’s highlighted comments. Price printing time below this level would indicate lower. Overnight ES has rallied as high as 1900. SPY also found Support at the given level, see below. I also note […]

Technical analysis – Market pre-open 29th September 2015 Please read previous highlighted comments. On Monday I marked Aggressive Selling for the first time since the start of September. These red-at-bottom lows are tested within a day (or two) 80% of the time. ES is in a weak price location but there is Support at 1865.00, […]

Technical analysis – Market pre-open 28th September 2015 Please read previous highlighted comments. On Friday the 50day poc migrated down to 1932.00 and this is now First Level Resistance. Pre-open today ES is printing below 1917.50, the 1/2R off Aug low, in a weak price location. Price relative to this level at the start of […]

Technical analysis – Market pre-open 25th September 2015 See yesterday’s highlighted comments. During Thursday’s session ES recovered back above 1917.50, the 1/2R off Aug low and overnight has rallied as high as 1951.00 with Resistance at 1954.00 (48day poc). As I wrote on Wednesday “the longer ES spends below 1954 the more likely it is […]

Technical analysis – Market pre-open 24th September 2015 Please read previous, highlighted comments first. Pre-open today ES has broken the 1/2R Support at 1917.50. Also note that for the SPX index the equivalent level (1/2R from the Aug low) is at 1944.00. I am using these levels to guage strength/weakness in the ST. Even though […]