Pre-open comment Thursday 30th April Wednesday’s session generated a lower, overlapping Value Area. ES is still finding price around 2095.50 (4mn poc) “attractive” and the minor poc which is currently a little higher will likely move to this level. My hunch is that Aggressive Buying/Selling marked above/below 2095.50 will signal the next directional move. In […]

Pre-open comment Wednesday 29th April Early in Tuesday’s session there was a rejected test of 2095.50, our First Level Support, see previous highlighted comments. Reactive Buying was marked and once again this is positive price action. First sign of weakness is time printed below this level. Dayframe: The minor (10dy) poc is at 2110.50 and […]

Pre-open comment Tuesday 28th April See yesterday’s highlighted comments. Pre-open today ES has printed as low as 2095.25, i.e. it has tested the First Level Support at 2095.50. First sign of weakness is time printed below this level. Dayframe: The 25day poc just migrated to 2099.00 and this may be worth monitoring intraday for S/R […]

Pre-open comment Monday 27th April Last week the 3mn poc migrated to 2095.50 and first sign of weakness would now be time printed below this level A new high was reached, breadth numbers and price momentum are supportive and the Rydex ratio is falling. This is all positive. First Level Support = 2095.50 (3mn poc) […]

Pre-open comment Friday 24th April Thursday’s session generated a higher, wider Value Area on increased Volume. After the open there was a brief test of First Level Support and ES rallied immediately which is positive price action. A new high was reached, breadth numbers and price momentum are supportive and the Rydex ratio is falling. […]

Pre-open comment Thursday 23rd April On Wednesday ES opened below Tuesday’s low and Buyers Reacted immediately (green-at-bottom). Later in the session, Tuesday’s red-at-top high was tested negating any ST negative implications of that imbalance. We have noted previously that when Reactive Buyers and Sellers are both active it usually indicates that a poc of some […]

Pre-open comment Wednesday 22nd April ES opened above 2095.50 (3mn poc) and Sellers Reacted immediately (red-at-top). Note that the minor poc has also migrated to this level. Overnight ES has printed as low as 2080.25 (as of ninety minutes pre-open). I’m not looking to initiate new longs until Significant Buying (green) is marked again, preferably […]

Pre-open comment Tuesday 21st April The given minor poc level at 2084.00 provided early Support on Monday, see yesterday’s highlighted comments. That’s encouraging. And, during the session enough time was printed at 2095.50 to lift the 3month poc to that level and this may provide intraday Support or Resistance today. As long as ES prints […]

Pre-open comment Monday 20th April Last week I did not mark any Significant Buying or Selling. The minor poc has migrated to 2084.00 and this should be monitored at the start of this week for intraday Support or Resistance, but as long as ES prints above 2045.00 it is in a strong LT position. First […]