The emini SP500 today, 23rd June, has rallied above 2100 pre-open. Wednesday generated an overlapping, higher Value Area. Weakness in the latter part of the session saw ES briefly test the minor Support at 2078, see yesterday’s comments. The minor Support mentioned above migrated higher to 2082 but more importantly the major poc is at […]

Pre-open analysis for the S&P 500 emini 22nd June2016 Tuesday generated a lower Value Area following Monday’s rejected probe above the major poc at 2087. Significant Buying marked above this level would be a real positive. Price below the proven Support at 2041 would be a negative. Dayframe: The minor (15 day) poc migrated to […]

As shown in Friday’s video ES recently found Support at 2041, the controlling price of the current distribution. Pre-open today there has been a spike higher in European markets with ES rallying back to the 2087 Resistance and one hour pre-open that is where ES is printing. Significant Buying marked above this level would be […]

emini 17th June pre-open analysis. Once a week I review the important poc levels on a thirty minute basis. The major is at 2087 and the poc of the current distribution is at 2041. However the nine month is at 2050.5 which is very close to Thursday’s low on the March chart. At current levels only […]

Stock Market Report Thursday 16th June Please note: I have shown the June contract on the graphic but I will be switching to the September contract. For now I want to show where the June contract is printing relative to important levels. The high of Wednesday’s session was a probe up to the 2087 Resistance. […]

Russell 2000 ETF, IWM broke the 115.35 (maj poc) Support on Tuesday. Along with the Russell 2000 ETF, other charts are printing in weaker positions and breadth numbers also weakened, see below. ES analysis: Tuesday generated a Value Area entirely below 2087, the maj poc which is weak price location. At current levels only Significant Buying […]

On Monday the emini Support at 2087 was broken. This is the first Significant emini Selling since 05/17 and it comes after ES reached the distribution extreme around 2120 last week. I marked Aggressive Selling (red-at-bottom). This was below 2087, the maj poc, but the Value Area wasn’t generated entirely below that level. Time printed […]

The S&P 500 emini is today back at important Support at the start of the week. There was no Significant Buying or Selling marked last week but the S&P emini target at 2120 was reached (actually 2119.75) and there followed a sell-off late in the week back towards the major Support at 2087. Significant Selling […]

Buyers were active intraday on Thursday but a lower, wider Value Area was generated on above average volume. In the ST that’s not a strong pattern. Pre-open today ES has printed below 2100. In the pre-open Wednesday I wrote “We’re close to the 2120 target and I’m interested to see if Sellers will React”. Although […]