S&P 500 emini pre-open Tuesday 17th March I have mentioned in the past that when price is close to a poc of some significance the implications of the Buying and Selling Imbalances become less reliable. Recently Significant Selling (red) auctioned ES lower, close to the Support at the 2033.50 poc. Support held and Buyers were […]

S&P 500 emini pre-open Monday 16th March Last week I marked Significant Selling twice and Significant Buying once. Friday printed below Thursday’s low negating any ST positive implications of Thursday’s Aggressive Buying. This is the second time in eight days that a green-at-top high has not been tested, see Friday’s highlighted comments. The Support at […]

S&P 500 emini pre-open Friday 13th March Thursday’s session generated a higher Value Area and Significant Buying was marked for the first time in eight days. These green-at-top highs are tested within a day (or two) 80% of the time. The previous one on 03/02 was not. The Support at 2033.50 has held so far. […]

S&P 500 pre-open Thursday 12th March Wednesday’s session tested Tuesday’s red-at-bottom low. A lower, narrow Value Area was generated but the Support at 2033.50 was not broken. Price below this level would put the chart in a still weaker price location. At these levels I will not consider the long side unless Significant Buying is […]

S&P 500 emini pre-open Wednesday 11th March Tuesday generated a lower, wider Value Area and Aggressive Selling (red-at-bottom) was marked again, see yesterday’s highlighted comments There is Support at 2033.50, see below, and Bulls would hope that if this level is tested it woould be recovered quickly. Price below this level would put the chart […]

S&P 500 emini pre-open Tuesday 10th March The last five Value Areas have been generated below the poc at 2107.00 which is weak price location in the ST and on Friday I marked Aggressive Selling. These red-at-bottom lows are tested within a day (or two) 80% of the time and today ES may well open […]

Pre-open comment Friday 6th March The last three Value Areas have been generated below the poc at 2107.00 which is weak price location in the ST. If the poc does not migrate Bulls would want to see time being printed back above 2107 as soon as possible. Since the recent high Sellers (red) have not […]

S&P 500 emini pre-open Thursday 5th March posted 08.27 a.m. est See yesterday’s highlighted comments. Initially there was weakness on Wednesday but the rest of the session was spent climbing back. However, this intraday Buying was ultimately ineffective in the dayframe as the Value Area was lower and wider. The 4mn poc is at 2107.00 […]

Pre-open comment Wednesday 4th March On Monday Significant Buying (green) was marked twice which usually indicates ST strength, but Tuesday’s Value Area was lower and Monday’s low was broken. When Aggressive Buying is marked, the green-at-top high is exceeded within one (or two) trading days, 80% of the time, so yesterday’s price action is rare […]