Pre-open Tuesday 4th August Monday generated a lower, wider Value Area. ES auctioned lower to the Second Level Support at 2080.25 (1/2R off May high ) and rallied from there, see chart. This Support has so far held but ES printing below that level would be weaker price location. Second Level Resistance = 2107.00 (poc) […]

Pre-open Monday 3rd August Aggressive Buyng (green-at-top) was marked twice last week and no Significant Selling. Over the last 10 months more time (and almost an equal amount of time) has been spent at 2107.00 and 2095.00 than any other level. Both levels are important to monitor. 2107.00 was probed at the high of last […]

Pre-open Friday 31st July Last update on 23rd July I wrote that “Time spent at 2107.00 and 2095.00 is very close so both levels are important to monitor”. This is still very much the case. Being precise, the 10mn poc is back at 2095 with the time spent at that level during the decline earlier […]

Pre-open Thursday 23rd July See yesterday’s highlighted comments. And see chart. Enough time was spent at 2107 on Wednesday to lift the 10mn poc to this level. Time spent at 2107.00 and 2095.00 is very close so both levels are important to monitor. Price holding above 2107.00 would suggest further strength and price below 2095.00 […]

Pre-open Wednesday 22nd July Tuesday generated a sixth consecutive Value Area above 2095.00 (10mn poc) which is strong price location as long as ES holds that level. As of thirty minutes pre-open ES has printed as low as 2102.75. If more time is printed around 2105/07 that poc could migrate higher. First Level Support = […]

Pre-openTuesday 21st July Monday generated a fifth consecutive Value Area above 2095.00 (10mn poc) which is strong price location. Pre-open today ES prints just above 2120. First Level Support = 2095.00 (10mn poc) Second Level Support = 2080.25 (1/2R off May high) Stock Index ETFs: Momentum (PriceOsc) for SPY, DIA and QQQ is now above […]

Pre-open Monday 20th July Sentiment (Rydex) hit an 8month low on Tuesday just as ES recovered back above 2095.00, the important 10mn poc. All subsequent Value Areas were printed above this level which is encouraging and Aggressive Buying (green-at-top) was marked twice last week. ES needs to hold 2095.00 to maintain a strong price location. […]

Pre-open Friday 17th July Strictly applying my rules I marked Aggressive Buying (green-at-top) on Thursday. The Value Area was narrower on less Volume but was the third printed above 2095.00, the 10mn poc. ES needs to hold this level to maintain a strong price location. First Level Support = 2095.00 (10mn poc) Second Level Support […]

S&P 500 emini analysis  Pre-open Thursday 16th July See yesterday’s highlighted comments. Wednesday generated a second Value Area above 2095.00, the 10mn poc. In fact 2095.00 was the exact low of the session, see chart. This is encouraging. ES needs to hold this level to maintain a strong price location and Significant Buying marked above […]

Pre-open Wednesday 15th July See yesterday’s highlighted comments. ES is now printing above 2095.00, the 10mn poc. It needs to hold this level to maintain a strong price location. Significant Buying marked above this level would be a big positive. Sentiment is encouraging from a contrarian perspective, see below, Breadth numbers are almost supportive, see […]