S&P 500 emini pre-open Wednesday 2nd July posted 0848 a.m. est See previous comments. First sign of weakness in the ST would be Effective Selling marked below ES 1949.00. Smallcaps (IWM) reached a new high intraday on Tuesday. Bonds (TLT) has turned weaker in the ST, see below, and Dollar (DX) index may also, see […]

S&P 500 emini pre-open Tuesday 1st July posted 08.05 a.m. est Monday generated a Value Area entirely above 1949.00, the 3mn poc, see previous comments. As long as ES holds above this level it is in a strong price location. Equivalent SPY level is 194.83, the 35day poc. ES First Level Support = 1949.00 (3mn […]

S&P 500 emini pre-open Monday 30th June posted 09.19 a.m. est Although both the Significant Sellers and Buyers were active, ES made little progress last week. As I have written before, when both Significant groups are active but ineffective in the ST it usually suggests that current price is centred around an important (or more […]

S&P 500 emini pre-open Friday 27th June posted 09.19 a.m. est Dayframe: Reactive Buying (green-at-bottom) was marked again on Thursday but notice that First Level Resistance at 1949 halted the rally (see yesterday’s comments) and Thursday’s Value Area was generated entirely below this level. Effective Selling marked below 1949 would be a sign of ST […]

S&P 500 emini pre-open Thursday 26th June posted 08.50 Following Monday’s Aggressive Selling (Ineffective), Buyers Reacted (green-at-bottom) immediately on Wednesday and auctioned ES back to 1949 which is now the 60day poc. Pre-open further time is being printed here. If ES can hold above this level it is in a strong price location but Effective […]

S&P 500 emini pre-open Wednesday 25th June posted 06.45 a.m. est ES sold off on Tuesday after initially setting a new high. SPY closed at a six day low. Aggressive Selling was marked but an “outside” Value Area was generated which was almost entirely above 1949, the minor poc. So this is not yet Effective […]

S&P 500 emini pre-open Tuesday 24th June posted 09.19 a.m. est Monday’s session was printed entirely above the minor poc at 1949.00, see yesterday’s highlighted comments. Time printed below that level would be a minor sign of weakness. Pre-open that level has been tested. Rydex ratio pushing higher again, see below. Momentum for all four […]

S&P 500 emini pre-open Monday 23rd June posted 08.45 a.m. est Last week I marked Significant Buying once and no Significant Selling. Early in the week the min poc fell to 1922.50 where ES subsequently found Support and later in the week the min poc moved back up to 1949.00. Will this level provide Support […]

S&P 500 emini pre-open Friday 20th June posted 09.05 a.m. est Interesting how the minor poc has been migrating, see previous highlighted comments. On Tuesday it fell to 1922.50 where ES subsequently found Support (see dashed line) and has now moved back up to 1949.00. Will this level now provide Support? Negatives: VIX has fallen […]

S&P 500 emini pre-open Wednesday 18th June posted 08.56 a.m. est The minor (27day) poc moved back down to 1922.50, see previous highlighted comments. Price below 1922.50 would be a minor sign of weakness. Looking at the ES Sep contract in isolation, the 1/2R of this month’s high is at 1932.50 which may be intraday […]