Pre-open Thursday 9th July Wednesday generated the seventh consecutive Value Area below 2095.00, the 10mn poc. This is weak price location. Like Tuesday, there was another test below 2045.00 (former poc) but again no time has been printed below this level (that would be a negative development). The minor (22dy) poc is at 2074.00 and […]

Pre-open Wednesday 8th July Tuesday generated the sixth consecutive Value Area below 2095.00, the 10mn poc which is weak price location. However, an early test below 2045.00 (former poc) was rejected and ES rallied from there. That’s mildly encouraging and suggests that 2045.00 is valid Support. We should therefore assume that if price is accepted […]

Pre-open Tuesday 7th July Monday generated the fifth consecutive Value Area below 2095.00, the 10mn poc, but above 2045.00, the former poc which “may” still be significant as Support. ES is printing a little higher pre-open today. I need to see Significant Buying marked above 2095.00 before considering new longs. First Level Resistance = 2095.00 […]

Pre-open Monday 6th July Last week started badly with Aggressive Selling marked on Monday and an unconvincing performance for the rest of the week with all price action taking place below the 2095.00, the 10mn poc. I need to see Significant Buying marked above 2095.00 before considering new longs. Overnight ES has printed as low […]

Pre-open Thursday 2nd July Wednesday generated a higher, but unconvincing, Value Area. ES has stalled just above the potentail Support at 2045.00, but as I wrote on Tuesday, as a “previous” poc we can’t be sure how valid it is. In any case I need to see Significant Buying marked 2095.00, which is the 10mn […]

Monday’s red-at-bottom low was very briefly tested on Tueday. AS I wrote yesterday, there is potential Support around 2045.00 but as a “previous” poc we can’t be sure how valid it is. In any case I need to see Significant Buying marked 2095.00, which is the 10mn poc, before considering new longs. Bulls would want […]

Pre-open Tuesday 30th June Monday generated a lower Value Area on high Volume and Aggressive Selling was marked again. The only potential Support I can find at current levels is 2045.00 which was a previous pooc of some importance. In any case price below 2095.00 (10mn poc) is weak location. I need to see Significant […]

Pre-open Monday 29th June See previous highlighted comments. Last week ES found Resistance at pocs, 2116.00 on Wednesday and 2107.00 on Thursday – this was weak price action. Aggressive Selling was marked on both days. The Support at 2095.00 was tested with ES closing the week at this level which is now, once again, the […]

Pre-open Friday 26th June See yesterday’s highlighted comments. On Thursday an early probe of 2107.00 (10mn poc) was rejected and ES sold off to break Wednesday’s red-at-bottom low and test the Support at 2095.00. Little time (so far) has been printed below this level but Aggressive Selling was marked again on Thursday and as mentioned […]

Pre-open comment Thursday 25th June On Wednesday an early probe above 2116.00 (the minor poc) was rejected, see yesterday’s highlighted comments. Later in the session Aggressive Selling was marked below 2107, the 10mn poc. These red-at-bottom lows are tested 80% of the time within a day (or two) but there is Support at 2095.00. Price […]