Technical analysis – Market pre-open 4th November 2015 See Tuesday’s highlighted comments. Monday’s green-at-top high was tested on Tuesday and a higher Value Area was generated above 2095 (12mn poc). If ES holds above this level it is in a strong price location. Key Charts: IWM closed above 118.0, the 1/2R off this year’s high. […]

Technical analysis – Market pre-open 3rd November 2015 On Monday I marked Aggressive Buying. These green-at-top highs are tested 80% of the time within a day or two and if that happens ES will be printing above 2095 (12mn poc). If Key Chart IWM can print time above 118 (see below) both charts would be […]

Technical analysis – Market pre-open 2nd November 2015 Last week ES consolidated higher prices with our First Level Support moving up to 2063.00 as the five month controlling price migrated to this level mid-week. ES needs to hold this level to remain in a ST strong price location. So far there has been no reaction […]

Technical analysis – Market pre-open 30th October 2015 See yesterday’s highlighted comments. Thursday’s session generated a higher, narrower value Area on below average Volume. So far these higher levels have not brought a reaction from the Significant Sellers who have not been marked for eleven days. The poc at 2095.00 comes back into play here […]

Technical analysis – Market pre-open 29th October 2015 As mentioned yesterday enough time was printed at 2063.00 to migrate the five month poc to that level. And on Wednesday the more minor poc (of what I assume to be the current distribution) also moved to this level. For this reason the assumption that I previously […]

Technical analysis – Market pre-open 28th October 2015 Two quiet days so far this week with low Volume and narrow Value Areas. Enough time has been spent at 2063.00 to migrate the five month poc to this level. Price relative to 2063.00 has now become important to monitor. It could attract more time. Significant Selling […]

Technical analysis – Market pre-open 27th October 2015 Please read previous highlighted comments. A very quiet day on Monday with low Volume and a narrow “inside” Value Area generated ahead of the Fed meeting. As long as ES holds above 2020.50 it is in a strong price location. Last week 2070 was probed on Friday, […]

Technical analysis – Monday 26th October 2015 Please read previous highlighted comments. ES closed strong for the week having probed above 2070 on Friday, a level where I suspect the current distribution will become stretched. Acceptance of price around 2070 would be a further positive. The disparity between the performance of Large Caps and Small […]

Technical analysis – Market pre-open 23rd October 2015 See yesterday’s highlighted comments. We had four days of overlapping Value Areas where Sellers were offered opportunity. Buyers, encouraged by the lack of response from the Sellers re-emerged on Thursday. ES opened just above First Level Support and immediately auctioned higher, breaking out to a new high […]

Technical analysis – Market pre-open 22nd October 2015 Following two days of Ineffective Selling in the middle of last week Buyers (green) auctioned ES higher and price has been ranging since then between 2010 and 2030 generating overlapping Value Areas. Volume has fallen off and VAs have narrowed but Sellers have not made a mark […]