Pre-open Thursday 23rd July See yesterday’s highlighted comments. And see chart. Enough time was spent at 2107 on Wednesday to lift the 10mn poc to this level. Time spent at 2107.00 and 2095.00 is very close so both levels are important to monitor. Price holding above 2107.00 would suggest further strength and price below 2095.00 […]

Pre-open Wednesday 22nd July Tuesday generated a sixth consecutive Value Area above 2095.00 (10mn poc) which is strong price location as long as ES holds that level. As of thirty minutes pre-open ES has printed as low as 2102.75. If more time is printed around 2105/07 that poc could migrate higher. First Level Support = […]

Pre-openTuesday 21st July Monday generated a fifth consecutive Value Area above 2095.00 (10mn poc) which is strong price location. Pre-open today ES prints just above 2120. First Level Support = 2095.00 (10mn poc) Second Level Support = 2080.25 (1/2R off May high) Stock Index ETFs: Momentum (PriceOsc) for SPY, DIA and QQQ is now above […]

Pre-open Monday 20th July Sentiment (Rydex) hit an 8month low on Tuesday just as ES recovered back above 2095.00, the important 10mn poc. All subsequent Value Areas were printed above this level which is encouraging and Aggressive Buying (green-at-top) was marked twice last week. ES needs to hold 2095.00 to maintain a strong price location. […]

Pre-open Friday 17th July Strictly applying my rules I marked Aggressive Buying (green-at-top) on Thursday. The Value Area was narrower on less Volume but was the third printed above 2095.00, the 10mn poc. ES needs to hold this level to maintain a strong price location. First Level Support = 2095.00 (10mn poc) Second Level Support […]

S&P 500 emini analysis  Pre-open Thursday 16th July See yesterday’s highlighted comments. Wednesday generated a second Value Area above 2095.00, the 10mn poc. In fact 2095.00 was the exact low of the session, see chart. This is encouraging. ES needs to hold this level to maintain a strong price location and Significant Buying marked above […]

Pre-open Wednesday 15th July See yesterday’s highlighted comments. ES is now printing above 2095.00, the 10mn poc. It needs to hold this level to maintain a strong price location. Significant Buying marked above this level would be a big positive. Sentiment is encouraging from a contrarian perspective, see below, Breadth numbers are almost supportive, see […]

Pre-open Tuesday 14th July Following last week’s rejected tests of the 2045.00 Support (see yesterday’s highlighted comments) ES rallied on Monday to find Resistance at 2095.00, the 10mn poc. Aggressive Buying (green-at-top) was marked which can be considered Reactive in the longer timeframe because it was below 2095 but if ES can print some time […]

Pre-open Monday 13th July Friday generated the ninth consecutive Value Area below 2095.00, the 10mn poc. In the LT this is weak price location and I would want to see Significant Buying marked above this level before considering new longs, unless and until that poc migrates. At the start of last week I suggested that […]

Pre-open Friday 10th July Thursday generated the eighth consecutive Value Area below 2095.00, the 10mn poc. In the LT this is weak price location and I would want to see Significant Buying marked above this level before considering new longs, unless and until that poc migrates. At the start of the week I suggested that […]