S&P 500 emini pre-open Tuesday 20th January posted 09.08 a.m. est On Friday Significant Buying was marked for the first time in thirteen days; both Reactive and Aggressive Buying. Pre-open today ES is printing above 2017.00, the minor (15day) poc. Time printed above 2035.00 (4mn poc) would be a positive and so would Breadth numbers […]

S&P 500 emini pre-open Friday 16th January posted 09.25 a.m. est Pre-open yesterday ES tested the minor poc at 2017.00 (dotted), see yesterfday’s comments. Immediately post-open that level was approached and Sellers Reacted (red-at-top). I wrote on 01/05 “I will wait for Significant Buying (green) to be marked before considering new longs” and no Significant […]

S&P 500 emini pre-open Thursday 15th January posted 09.27 a.m. est Following the rejection of probes early in the week above 2035.00 (poc), ES generated a lower (albeit narrower) Value Area on Wednesday. As mentioned yesterday the VAL (Value Area low) of a distribution that (imo) began in mid October is currently at 1994.50 (dashed) […]

S&P 500 emini pre-open Wednesday 14th January posted 08.25 a.m. est Similar to Monday, Tuesday opened above 2035.00 but ES could not print any time above that level and sold-off. A wider, outside Value Area was generated. Significant Buyers have not been marked for ten days. The VAL (Value Area low) of a distribution that […]

S&P 500 emini pre-open Tuesday 13th January posted 08.32 a.m. est Monday’s open was just above 2035.00 but ES immediately rejected this level and sold off. A lower, narrower Value Area on less Volume was generated. Pre-open today 2035 has been probed again but no time has been printed above that price, see previous, highlighted […]

S&P 500 emini pre-open Monday 12th January posted 09.05 a.m. est Last week I marked Significant Selling once. Significant Buying has not been marked for eight days. The 4mn poc migrated back down to 2035.00 and that is where ES closed on Friday. 2035.00 could be intraday Support or Resistance at the start of this […]

S&P 500 emini pre-open Friday 9th January posted 08.55 a.m. est See previous comments. ES opened just above the 2035.00 poc and immediatlely rallied. This is now the level to monitor and as long as the chart holds this level it is a strong price location. Time spent between 2065-2070 could migrate that poc higher […]

S&P 500 emini pre-open Thursday 8th January posted 09.08 a.m. est Overnight ES has been printing above 2030 and the 4mn poc has now migrated back down to 2035.00, see previous, highlighted comments. This is not necessarily a negative. This poc is the controlling price of a distribution which (imo) began in mid October – […]

S&P 500 emini pre-open Wednesday 7th January posted 09.17 a.m. est For three consecutive days the Value Area has been generated entirely below the previous one. This is a weak pattern but there is major Support a little lower at 1962.00, the 6mn poc. Bulls would not want to see time printed below this level. […]

Pre-open comment Tuesday 6th January The previous level of a poc will sometimes provide Support and 2035.00 was a possibility but this level (dashed) was immediately rejected post-open on Monday. I will wait for Significant Buying (green) to be marked before considering new longs. Breadth has deteriorated, see below, and the Rydex traders have not […]