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 […]

The emini SP500  major poc as measured on a thirty minute time-frame has migrated to 2087. emini SP500 analysis: As you know I measure the poc levels on various time-frames. Mainly five minute charts (ST) and Daily charts (LT). Checking the thirty minute time-frame I have found that the major poc migrated to 2087 last […]

ES analysis indicates that on Tuesday intraday Sellers were active but ineffective. ES analysis: Ineffective because ES still managed to generate a higher Value Area. The high of the session came in at 2118.00. We’re close to the 2120 target and I’m interested to see if Sellers will React. Price acceptance (time) at this level […]

On Monday SPY (S&P500 ETF) exceeded its April and November highs to close at the highest level since July last year. The strength in SPY was also seen in ES which generated a higher Value Area, above the range of the last seven days. First Level ES Support can be moved to 2093.50, the very […]

emini S&P back at the April high The emini S%P 500 future is today printing close to the high it set in April which was the high of the rally off the February low. emini analysis: Last week Significant Buying was marked twice. Significant Selling has not been marked for twelve days. Although Buyers have […]