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 […]

Technical analysis – Market pre-open 3rd December 2015 Wednesday’s session tested Tuesday’s green-at-top high and immediatley sold off. We began three days of potentially high volatility but I note that ES spent most time during yesterday’s session at 2094, the maj poc. As I have noted previously, when price is close to a significant poc, […]

Technical analysis – Market pre-open 2nd December 2015 ES consolidated for seven days having stalled at the 2094 maj poc with no Significant Buying being marked, see previous highlighted comments. On Tuesday Aggressive Buying (green-at-top) was marked as ES broke above that level. We have three days of potentially high volatility but if chart holds […]

Technical analysis – Market pre-open 1st December ES has been consolidating for seven days having stalled at the 2094 maj poc. Bulls would want to see price above this level and the likely volatility we’ll see later in the week with the ECB decision and U.S. jobs data, could resolve the matter. Potential area of […]

Technical analysis – Market pre-open 30th November 2015 The shortened week was spent consolidating and no Significant Buying or Selling was marked. Last week the 5mn poc migrated to 2087.00, close to the maj poc at 2094.00. Price relative to these levels will be a good guide to strength/weakness. Thirty minutes pre-open today ES is […]