Technical analysis – Market pre-open 4th April 2016 ES opened lower on Friday but found early Support just above the minor (15day) poc at 2033.00, see Friday’s highlighted comments. An”outside” Value Area was generated and chart closed strong for the day and the week. As long as ES holds 2033.00 it is in a strong […]

Technical analysis – Market pre-open 1st April 2016 See Thursday’s highlighted comments. Sellers were active on Thursday but only an overlapping/slightly lower Value Area was generated so this was not convincingly Effective activity. Even so, by strictly appliying my rules, I had to mark Aggressive Selling (red-at-bottom). So far, this looks like normal corrective activity […]

Technical analysis – Market post-open 31st March 2016 See Tuesday’s highlighted comments. ES rallied early in Tuesday’s session and then cosolidated above 2033.00, the minor poc. Agrressive Buying (green-at-top) was marked later in the day. Wednesday consolidated at a higher level above the mid 2040s which had previously proved Resistance. Significant Selling (red) is yet […]

Technical analysis – Market pre-open 29th March 2016 See Monday’s highlighted comments. Monday’s session high found Resistance at the minor poc, 2033.00 and again overnight and pre-open is printing lower. With PriceOsc (although positive) still heading down for the four major stock index ETFs I woiuld want to see price printing time above ES 2033 […]

Technical analysis – Market pre-open 28th March 2016 See previous comments. ES has failed to print time above the mid 2040s area of price, see previous comments but until Significant Selling (red) is marked I assume Buyers are still in control and as long as ES holds above 1990 it is in a strong price […]

Technical analysis – Market pre-open 24th March 2016 We have not seen a markable Selling response but ES has failed to print time above the mid 2040s area of price, see Friday’s highlighted comments. Intraday Sellers were active on Wednesday and a lower Value Area was generated and ninety minutes pre-open ES is printing below […]

Technical analysis – Market pre-open 23rd March 2016 Significant Selling (red) has not been marked for sixeen days. ES printed a new high during Wednesday’s session but once again an overlapping Value Area was generated. The price area around mid 2040s is proving a little difficult (see Friday’s highlighted comments) but price is being accepted […]

Technical analysis – Market pre-open 22nd March 2016 Significant Selling (red) has not been marked for fifteen days. ES printed a new high during Tuesday’s session but an overlapping Value Area was generated and overnight has printed below 2030. The price area around mid 2040s is proving a little difficult (see Friday’s highlighted comments). Price […]

Technical analysis – Market pre-open 21st March 2016 Note: I am now following the June contract. Last week’s data has been backfilled and shows The June contract from last Monday. Aggressive Buying (green-at-top) was marked twice last week with ES printing a new high for this rally. Significant Selling (red) has not been marked for […]

Technical analysis – Market pre-open 18th March 2016 On Thursday Aggressive Buying (green-at-top) was marked again as ES printed a new high for this rally. Buyers are still in control, see Wednesday’s highlighted comments. Significant Selling (red) has not been marked for thirteen days. Dayframe: First hour post-open today I will be interested to see […]