S&P 500 emini pre-open Tuesday 16th September Posted 08.17 a.m. est Please note we are now following the December contract. See yesterday’s highlighted comments. The most recent imbalances are the Effective Selling on Friday and with increasing negatives in the ST, e.g. falling Breadth numbers (see below) I am cautious here. First minor positive would […]

S&P 500 emini pre-open Monday 15th September posted 08.10 a.m. est Last week I marked Significant Buying once (Ineffective) and Significant Selling twice. All Values Areas were printed below the 1998.50 poc. If the 50dy poc remains at 1998.50 I will not consider new long positions until I mark Effective Buying above that level. Once […]

Pre-open comment Friday 12th September Aggressive Buying was marked on Thursday. In the longer timeframe this activity can be considered Reactive because it took place below the 1998.50 poc. If ES can print time above 1998.50 it would be in a strong price location. Pre-open that level has been probed. See yesterday’s comments. ES First […]

S&P 500 emini pre-open Thursday 11th September posted 09.20 a.m. est Dayframe: The VAL of the current price distribution (weekly timeframe) is now at 1983.50(dashed). Buyers will often enter on a test of a significant VAL but currently, with the local poc at 1998.50 I won’t consider new longs below that level. Following a test […]

Pre-open comment Wednesday 10th September Dayframe: During Tuesday’s session there was a brief, rejected, probe above the 1998.50 minor poc. The Value Area was generated entirely below this level. The VAL of the current price distribution (weekly timeframe) is at 1980.00. If ES remains below 1998.50 I would expect a test of 1980.00 and if […]

S&P 500 emini pre-open Tuesday 9th September posted 09.23 a.m. est Dayframe: Monday’s Value Area was “inside” the previous VA. Price action for the last ten days is now centred around 1998.50 which is also the local poc. The VAH of price distribution over this period is at 2002.50 and VAL is 1994.50 (both dashed). […]

Chartprofit pre-open Monday 8th September posted 07.50 a.m. est Last week I marked Significant (but Ineffective) Selling twice and Significant Buying once, see previous comments. Buyers Reacted (green-at-bottom) below 1990 for the second time in six days. Two hours pre-open today ES is printing above 1998.50, its First Level Support. Price printing below this level […]

S&P 500 emini pre-open Friday 5th September posted 09.08 a.m. est Following the Reactive Selling marked on Wednesday, Aggressive Selling (red-at-bottom) was marked on Thursday. The Value Area was overlapping/higher so although the Sellers have been active they have not yet been Effective. Dayframe: The minor poc at 1998.50 is now First Level Resistance and […]

Pre-open comment Thursday 4th September Reactive Selling was marked early in Wednesday’s session. The 30dy Support at 1998.50 was probed but ES prints above that level pre-open today. The Value Area was printed in the same price area as the previous two. The red-at-top high suggests a stall here but as long as ES prints […]

S&P 500 emini pre-open Wednesday 3rd September note: this was posted before 7 a.m. est Tuesday’s session generated a higher/overlapping Value Area on increased Volume. Buyers stepped back in on Thursday (see highlighted comments) and have auctioned ES higher seeking Sellers who have not been marked for seventeen days now. Overnight the chart has marked […]