Technical analysis – Market pre-open 24th September 2015 Please read previous, highlighted comments first. Pre-open today ES has broken the 1/2R Support at 1917.50. Also note that for the SPX index the equivalent level (1/2R from the Aug low) is at 1944.00. I am using these levels to guage strength/weakness in the ST. Even though […]

Technical analysis – Market pre-open 23rd September 2015 See previous, highlighted, comments. Our First Level Support at 1917.50 held Tuesday’s session low. Overnight ES has tested below that Support but has rallied and pre-open is printing above 1935. Looking at the current distribution (which began on Aug 19th imo) the poc is at 1954.00, the […]

Technical analysis – Market pre-open 22nd September 2015 See previous, highlighted, comments. Monday generated a second Value Area below 1971.00, the 1/2R Resistance off this year’s high. Like Friday, ES printed more time at the 1954.00 poc during the session and as I wrote on Monday, price relative to this level is important and subsequent […]

Technical analysis – Market pre-open 21st September Note: we are now following the ES December contract. Last week’s profiles have been adjusted to Dec. Also note that the 1/2R off this year’s high based on the Dec contract is 1971.00 and this is Resistance at the start of this week. If ES can print time […]

Technical analysis – Market pre-open 18th September Note: this was posted at 4.30 et. If ES holds above 1978.50, the Major 1/2R Support, it will be strong price location. But with Thursday’s spike up to 2020 and the strong rejection at that level, there is a high chance that ES will want to test the […]

Technical analysis – Market pre-open 17th September On Monday the minor poc migrated to 1954.00 and subsequently provided Support on Tuesday with Aggressive Buying being marked.. That’s positive price action. On Wednesday ES found Support at 1978.50, the 1/2R off this year’s high, with Aggressive Buying being marked again. 1978.50 is now Major Support and […]

Technical analysis – Market pre-open 16th September See yesterday’s, highlighted, comments. I wrote that the newly migrated minor poc at 1954.00 could provide Support or Resistance on Tuesday. It turned out to be clear Support off the open and this proven must continue to hold. Price below this level would be weak location. I marked […]

Technical analysis – Market pre-open 15th September The minor (32dy) poc has migrated to 1954.00. I want to see Significant Buying marked above that level before considering new longs. Price below this level is weak location. Major Resistance = 1978.50 (1/2R off this year’s high) Potential Support/Resistance today = 1954.00 (32dy poc|) Major Support = […]

Technical analysis – Market pre-open 14th September Mid-week ES probed the 1978.50 1/2R Resistance but price above this level was rejected. The minor Support at 1933.00 subsequently held (see chart) but time printed below this level would be weaker price location and Significant Selling marked below that level would indicate further weakness. Major Resistance = […]

Pre-open Friday 11th September On Wednesday, ES opened above the 1978.50 1/2R Resistance but price was rejecetd above this level. The minor Support at 1933.00 held (see chart) but time printed below this level would be weaker price location and Significant Selling marked below that level would indicate further weakness. Major Resistance = 1978.50 (1/2R […]