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 […]

Technical analysis – Market pre-open 8th October 2015 On Wednesday ES made a brief test below 1971.00, see yesterday’s highlighted comments, and rallied from there. This is the the 1/2R off this year’s high – and the very minor (10dy) poc has also migrated to this level. ES now needs to hold this Support to […]

Technical analysis – Market pre-open 7th October 2015 Following the Aggressive Buying on Friday, ES gapped higher to open on Monday. Tuesday tested Monday’s green-at-top high but most time during the session was spent printing at 1971.00, the 1/2R off this year’s high. This level could be intraday Support or Resistance today. Price printing time […]

Technical analysis – Market pre-open 6th October Following the Aggressive Buying on Friday, ES gapped higher to open Monday’s session. The 1/2R Resistance at 1971.00, was probed and Aggressive Buying was marked again. These green-at-top highs are tested within a day (or two) 80% of the time but this stat is less reliable when marked […]

Technical Analysis – Market pre-open 5th October 2015 Please read previous highlighted comments. On Friday ES opened lower following jobs data but rallied strongly with Aggressive Buying (green-at-top) being marked and closing the week above the 1923.00 poc. As long as ES holds above 1923.00 it is in a strong price location. Pre-open today ES […]