S&P 500 emini Wednesday 17th December posted 09.25 a.m. est Late in Tuesday’s session ES closely approached the 6mn Time Support at 1962.00, see chart, but so far at least no time has been printed below that level. Bulls would want to see this level hold or a quick rejection if tested. Time below that […]

S&P 500 emini pre-open Tuesday 16th December posted 08.35 a.m. est Pre-open today ES has briefly tested the 6mn Time Support at 1962.00. Pre-open SPY low is 197.49 with 8mn TS at 197.20. Breadth has deteriorated, see below. First Level Resistance = 2035.00 (2mn poc) First Level Support = 1962.00 (6mn poc) Stocks>50dyma numbers: Nyse […]

S&P 500 emini pre-open Monday 15th December posted 09.14 a.m. est Note: we are now following the March contract. Last week I marked Significant Selling four times and Significant Buying once. Aggressive Selling (red-at-bottom) was marked on Friday and the Value Area was generated entirely below the 2035 poc which suggests further weakness. At current […]

S&P 500 emini pre-open Friday 12th December posted 09.15 a.m. est Red-at-bottom lows are tested 80% of the time within a day (or two). Wednesday’s was not tested on Thursday but it almost certainly will be today – ES has printed as low as 2016.50 pre-open. In the longer timeframe the Selling can be considered […]

S&P 500 emini pre-open Thursday 11th December posted 05.55 a.m. est On Wednesday I marked Reactive and Aggressive Selling. The session closed below 2035.00 but the Value Area was printed almost entirely above it. Time below this level would suggest further weakness. I would only consider new longs if Significant Buying (green) is marked above […]

S&P 500 emini pre-open Wednesday 10th December posted 08.33 a.m. est On Tuesday Buyers Reacted (green-at-bottom) to a test of First Level Support at 2035.00, see chart and yesterday’s comments. Buyers were active throughout the session but the Value Area was lower and wider. I would want to see Effective Buying marked before considering new […]

S&P 500 emini pre-open Tuesday 9th December posted 08.05 a.m. est On Monday Aggressive Selling (red-at-bottom) was marked for the first time since 13th October. ES spent most of the session below 2066, the minor poc which is an indication of weakness in the ST, see yesterday’s highlighted comments. Considering that Momentum (PriceOsc) is still […]

S&P 500 emini pre-open Monday 8th December posted 09.10 a.m. est Last week I marked Significant Buying once and no Significant Selling. Sellers Reacted on 11/21 but Aggressive Selling has not been marked since 13th October. Value Areas for the last three days have been generated entirely above the minor(16day) poc, now at 2066.00. which […]

S&P 500 emini pre-open Friday 5th December posted 09.06 a.m. est On Thursday, the minor(15day) poc at 2067.00 was tested again but the session generated a second Value Area entirely above that level with ES once again reaching a new high. Price printing time below 2067.00 would be the first sign of weakness in the […]

S&P 500 emini pre-open Thursday 4th December posted 09.18 a.m. est See yesterday’s highlighted comments. Tuesday’s (green-at-top) high was exceeded on Wednesday. Post-open, the minor(15day) poc at 2067.00 was rejected immediately and ES rallied to a new high. Pre-open today that level, now minor Support, has been tested again briefly. Price printing time below 2067.00 […]