S&P 500 emini analysis: The Value Area low of the eight month price range from November is at 2047.50 (dashed line on chart). Wednesday’s test of this level brought an immediate Response from the Buyers auctioning ES swiftly back towards the controlling price at 2095 (ES has printed as high as 2093.00 as of one […]

S&P 500 emini pre-open analysis:  ES broke below 2080.25, the 1/2R off May high and this level is now First Resistance. Overnight ES has printed as low as 2053.75. Difficult to find vaild Support here and struggling to find any positives with technicals looking weak. e.g. Momentum (PriceOsc) is negative and down for all four […]

S&P 500 emini analysis: On Monday I marked Aggressive Buying. These green-at-top highs are usually (80%) tested within a day (or two) and are a bullish indication but, as I have mentioned many times, the stat is not as reliable on a gap day, like Monday. ES will likely open lower today following the move […]

Pre-open Monday 10th August Last week’s high came in at the 2107.00 Resistance (poc) and ES sold off from there. The 1/2R Support at 2080.25 was broken but ES is printing above that level pre-open today. This level is worth watching as it could be Support or Resistance early this week. Momentum (PriceOsc) is negative […]

Pre-open Friday 7th August Wednesday’s high came in at the 2107.00 Resistance (poc) and ES has declined from there. Thusday generated a lower, wider Value Area and the 1/2R Support at 2080.25 was broken. This is weaker price location. Breadth numbers also need to improve. Second Level Resistance = 2107.00 (poc) First Level Resistance = […]

Pre-open Thursday 6th August Our S/R levels have accurately capped the high and low this week. On Monday ES found low at the Support at 2080.25 (1/2R off May high ) and Wednesday’s high came in at the 2107.00 Resistance (poc). Price printing time above that level would be a positive and strong price location. […]

Pre-open Tuesday 5th August On Monday ES found low at the Support at 2080.25 (1/2R off May high ) and has rallied from there. Pre-open today ES has printed above 2100. Price printing time above the 2107.00 Resistance would be a positive and strong price location. Resistance = 2107.00 (poc) First Level Support = 2095.00 […]

Pre-open Tuesday 4th August Monday generated a lower, wider Value Area. ES auctioned lower to the Second Level Support at 2080.25 (1/2R off May high ) and rallied from there, see chart. This Support has so far held but ES printing below that level would be weaker price location. Second Level Resistance = 2107.00 (poc) […]

Pre-open Monday 3rd August Aggressive Buyng (green-at-top) was marked twice last week and no Significant Selling. Over the last 10 months more time (and almost an equal amount of time) has been spent at 2107.00 and 2095.00 than any other level. Both levels are important to monitor. 2107.00 was probed at the high of last […]

Pre-open Friday 31st July Last update on 23rd July I wrote that “Time spent at 2107.00 and 2095.00 is very close so both levels are important to monitor”. This is still very much the case. Being precise, the 10mn poc is back at 2095 with the time spent at that level during the decline earlier […]