Technical analysis – Market pre-open 21st October 2015 Buyers have been active over the last four days. This week has generated overlapping Value Areas with price printing enough time at 2020.50 to lift the minor poc to this level which is now First Level Support. In fact, overnight that has been the exact low following […]

Technical analysis – Market pre-open 20th October Monday’s session generated the ninth Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a strong price location. Buyers Reacted to an open below Friday’s Value Area and immediatley auctioned ES higher. If price should print 2014.25 today […]

Technical analysis – Market pre-open 19th October Friday’s session generated the eigth Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a strong price location. Aggressive Buying (green-at-top) was marked for the second time in the week. Sellers were Active on Tuesday and Wednesday but […]

Pre-open Friday 15th October Thursday’s sessioin generated the seventh Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a strong price location. Aggressive Buying (green-at-top) was marked, see yesterday’s comments. The SP500 Pulse Chart looks much more positive and Large Cap charts (SPY, DIA) have […]

Technical analysis – Market pre-open 15th October 2015 Please read previous highlighted comments. Wednesday’s sessioin generated the sixth Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a ST strong price location. Strictly applying my rules I had to mark Aggressive Selling on Wednesday for […]

Technical analysis – Market pre-open 14th October 2015 On Tuesday I marked Significant Selling for the first time in eleven days. This was an “outside” day with a Value Area overlapping the VA of the previous day so this was not convicingly Effective selling but my rules say that new longs are now eliminated for […]

Technical analysis – Market pre-open 13th October 2015 Unfortunately my real-time provider (Reuters) has data missing for yesterday’s S&P emini day session. I’m trying to find out why and if/when the data will be filled so I can produce the profile. With apologies, the graphic is not going to be ready for the usual pre-open […]

Technical analysis – Market pre-open 12th October 2015 Last week I marked Aggressive Buying twice and no Siugnificant Selling. Friday’s session generated a third Value Area entirely above 1971.00, the 1/2R off this year’s high which is strong price location. ES now needs to hold this Support to remain in a ST strong price location […]

Technical analysis – Market pre-open 9th October 2015 Thursday’s session generated a second Value Area entirely above 1971.00, the 1/2R off this year’s high. ES now needs to hold this Support to remain in a strong price location. Pre-open ES has printed as high as 2014.00, which is above the September high. First Level Support […]