S&P 500 emini pre-open Tuesday 23rd December posted 9.26 a.m. est Yesterday’s session generated a very narrow Value Area on low Volume. Important Note: the 3mn poc has migrated to 2066.00 – this is now First level Support. We often see a migration of a poc level of some degree just before a directional move. […]

Chartprofit pre-open Monday 22nd December posted 09.12 a.m. est Last week the major Time Support at 1962.00 held and subsequently Buyers were active, auctioning ES above the 2mn poc at 2035.00. This is now First Level Support and as long as ES holds above this level it is in a strong price location. First Level […]

S&P 500 emini pre-open Friday 19th December posted 09.15 a.m. est Earlier in the week the major Time Support at 1962.00 held and subsequently Buyers have been active, auctioning ES above the 2mn poc at 2035.00. This is now First Level Support. Aggressive Buying was marked on Thursday. These green-at-top highs are tested 80% of […]

S&P 500 emini pre-open Thursday 18th December posted 09.19 a.m. est The major Time Support at 1962.00 was briefly tested, but held on Tuesday, and on Wednesday Buyers Reacted (green-at-bottom) just above that level, see yesterday’s highlighted comments. Later in the session Aggressive Buying (green-at-top) was also marked. Pre-open today, First Level Resistance at 2035.00 […]

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 […]