Technical analysis – Market pre-open 8th March 2016 Dayframe: During Monday’s session intraday Buyers were active, see highlighted numbers. However they only managed to generate an “inside” Value Area which was not an Effective performance in the dayframe. Significant Sellers have not yet been marked responding to these higher prices but overnight ES has printed […]

Technical Analysis – Market pre-open 7th March 2016 Last week Aggressive Buying was marked on Tuesday and again on Thursday, both times above 1956.90, the 1/2R off last year’s high. This is now First Level Support. Friday closed above Mon-Wed Hi-Lo Range indicating Buyers Active on the weekly timeframe. Breadth and Price Momentum are positive, […]

Pre-open Friday 4th March Aggressive Buying was marked on Tuesday and again on Thursday, both times above 1956.90, the 1/2R off last year’s high. This is now First Level Support. Breadth numbers improved again, see below. First Level Support = 1956.90 (1/2R off last year’s high) Second Level Support = ES 1886.50 (70 day poc) […]

Technical analysis – Market pre-open 3rd March 2016 Tuesday was a constructive day. Aggressive Buying was marked above 1956.90, the 1/2R off last year’s high. This is now First Level Support. Wednesday’s session generated a Value Area above that level. Breadth numbers improved again, see below. First Level Support = 1956.90 (1/2R off last year’s […]

Technical analysis – Market pre-open 2nd March 2106 Tuesday was a constructive day. Aggressive Buying (green-at-top) was marked above 1956.90, the 1/2R off last year’s high, see yesterday’s comments. This is now First Level Support. Breadth numbers improved, see below. First Level Support = 1956.90 (1/2R off last year’s high) Second Level Support = ES […]

Technical analysis – Market pre-open 1st March 2016 See previous highlighted comments. On Monday an early probe of First Level Resistance at 1956.90 was rejected, see chart. This is the 1/2R off last year’s high and the natural Resistance in a bear trend, so this is a crucial point for this rally. Price above this […]

Pre-open Monday 29th February See previous highlighted comments. Last week I marked Significant Buying once. Significant Selling has not been marked for fourteen days. During Friday’s session there was a rejected probe above 1956.90, the 1/2R off last year’s high. This is the natural Resistance and if ES can print time above this level it […]

Technical analysis – Market pre-open 26th February 2016 See previous highlighted comments. On Thursday I marked Aggressive Buying (green-at-top) and overnight ES has printed as high as 1968.75 which is above 1956.90, the 1/2R off last year’s high, which is now Support and puts the chart in a stronger price location. Breadth improved. Rydex traders […]

Technical analysis – Market pre-open 25th February 2016 See previous highlighted comments. ES opened lower on Wednesday but First Level Support at 1886.50 held exactly and a strong reversal followed. Although the Value Area was lower and wider it was the seventh generated above 1870. To keep this rally in a strong position ES must […]