Pre-open Thursday 17th December Buyers were active intraday on Wednesday and an overlapping/higher Value Area was generated. Aggressive Buying (green-at-top) was marked. As long as ES holds above 2043 (min 1/2R) it is in a strong price location but there is proven Resistance a little higher, see below. Bulls would want to see Breadth numbers […]

Technical analysis – Market pre-open 16th December 2015 Sellers were active intraday on Tuesday but a higher Value Area was generated which does not indicate Effective Selling. In the ST neither Buying or Selling activity is obviously controlling, see yesterday’s comments, but this is a market anticipating a big FED day. In the longer timeframe […]

Technical analysis – Market pre-open 15th December 2015 Note: I am now following the ES Mar contract. Buyers were active intraday on Monday but a lower Value Area was generated which does not indicate Effective Buying. Key Charts/Levels to watch this week: IWM: 1/2R (off Sep low) Resistance at 113.53. SPY: 1/2R (off this year’s […]

Technical analysis – Market pre-open 14th December 2015 Note: I have shown the ES Dec contract through Friday. In Tuesday’s pre-open I will switch to the ES Mar contract. Sellers were active again on Friday and generated a lower Value Area which means (unlike Buyers last week) their activity was Effective. See previous highlighted comments. […]

Technical analysis – Market pre-open 11th December 2015 Buyers were active intraday on Tuesday and again on Thursday but were Ineffective on both days generating lower or inside Value Areas. In contrast the Selling on Wednesday was Effective generating a lower Value Area. Wednesday’s red-at-bottom low will likely be tested during today’s session as ES […]

Technical analysis – Market pre-open 10th December 2015 Sellers were active on Wednesday and more effective than the Buyers on Tuesday, generating a lower, wider Value Area. Significant Selling (red) was marked. ES broke below 2054.50 (1/2R off the November high) and pre-open today is printing below that level in a weak price location. Key […]

Technical analysis – Market pre-open 9th December 2015 The First Level Support at 2054.50 (1/2R off the November high) was briefly tested early in Wednesday’s session, but held subsequently. Intraday, Buyers were most active, but Ineffective as they only managed to generate a lower Value Area. Buying marked above 2094.00 would indicate higher and Selling […]

Technical analysis – Market pre-open 8th December 2015 Monday’s session opened just below the area of Resistance and immediately sold-off. Friday’s green-at-top high was not tested, see Thursday’s comments. Buying marked above 2094.00 would indicate higher and Selling marked below 2054.50 would indicate lower. Pre-open to9day ES has printed as low as 2057.25. Key Charts: […]

Technical analysis – Market pre-open 7th December 2015 On Friday ES immediately rejected price below the 1/2R at 2054.50 and rallied, see Friday’ s comments. The major poc at 2094 was Resistance; 2087.00 (5mn poc) continued to be attractive and ES spent most time at that level. Aggressive Buying was marked but please read Thursday’s […]

Technical analysis – Market pre-open 4th December 2015 Thursday’s session opened below 2087 and sold off. Sellers were highly active intraday and a lower, wider Vale Area was generated. With ES unable to print time above the the major poc at 2094 and Aggressive Selling (red-at-bottom) now being marked I will be cautious here. Area […]