Pre-open Monday 29th June See previous highlighted comments. Last week ES found Resistance at pocs, 2116.00 on Wednesday and 2107.00 on Thursday – this was weak price action. Aggressive Selling was marked on both days. The Support at 2095.00 was tested with ES closing the week at this level which is now, once again, the […]

Pre-open Friday 26th June See yesterday’s highlighted comments. On Thursday an early probe of 2107.00 (10mn poc) was rejected and ES sold off to break Wednesday’s red-at-bottom low and test the Support at 2095.00. Little time (so far) has been printed below this level but Aggressive Selling was marked again on Thursday and as mentioned […]

Pre-open comment Thursday 25th June On Wednesday an early probe above 2116.00 (the minor poc) was rejected, see yesterday’s highlighted comments. Later in the session Aggressive Selling was marked below 2107, the 10mn poc. These red-at-bottom lows are tested 80% of the time within a day (or two) but there is Support at 2095.00. Price […]

Pre-open comment Wednesday 24th June Tuesday generated a second Value Area above 2107.00 (10mn poc). As long as ES prints above 2107.00 it is in a strong price location but time spent below 2095.00 would be weak price location and a negative. Dayframe: the minor poc (14day) is at 2116.00 and could be a useful […]

Pre-open comment Tuesday 23rd June Monday generated a Value Area entirely above 2107.00 (10mn poc). As long as ES prints above 2107.00 it is in a strong price location but time spent below 2095.00 would be weak price location and a negative. Dayframe: the v minor poc (8day) is at 2116.50 and could be a […]

Pre-open comment Monday 22nd June Last week saw a rejected probe below the 4mn Value Area low and ES rallied back above the 2095.00 poc. Following Friday’s price action that 10mn poc has once again migrated back to 2107.00. These two levels give us a guide. As long as ES prints above 2107.00 it is […]

Pre-open comment Thursday 18th June Pre-open Thursday enough time was spent at 2095.00 to migrate the poc, very slightly, back to that price. ES opened just above that level and quickly auctioned higher. As long as ES prints above 2095.00l it is a strong price location. First Level Support = 2095.00 (10mn poc) Momentum (PriceOsc) […]

Pre-open comment Thursday 18th June Following Tuesday’s Aggressive Buying Wednesday generated a higher/overlapping Value Area and ES probed the Resistance at 2095.50. However, note that the 10mn poc has migrated to 2094.00 and this is now the Key level. It also happens to be the 1/2R off May high for the September contract. I want […]

Pre-open comment Wednesday 17th June Note: I am now following the September contract. Tuesday generated a higher, wider Value Area and Aggressive Buying was marked. In the longer timeframe this is Reactive Buying because it was marked below the 2095.50 poc, our First Level Resistance. Pre-open that level has been reached and probed but currently […]

Pre-open comment Tuesday 16th June Note: I am now following the September contract. Monday generated a lower Value Area. Last week the 10mn poc migrated to 2107.00 but time spent at 2095.50 is almost the same so I will monitor both levels. Pre-open today the September contract is printing below 2095.50 in a weak price […]