S&P 500 emini pre-open Tuesday 3rd June Pre-open comment posted at 08.28 a.m. est Reactive Buying (green-at-bottom) was marked on Monday as ES tested Friday’s low. Price printing 1913.75 would negate any ST positive implications of this mark but there is minor (12dy) Support at ES1909.50 which ST Bulls would want to see held or […]

S&P 500 emini pre-open Monday 2nd June Pre-open comment posted 09.18 a.m. est Last week was a positive week with Friday closing above the Mon(or Tue)-Wed Hi-Lo Range indicating Buyers Active on the weekly timeframe. Significant Buying was marked once and no Significant Selling. Large Cap indices broke out helped by a strong performance fro […]

S&P 500 emini pre-open Friday 30th May posted 09.10 a.m. est Pre-open comment Friday 30th May The minor (11dy) poc at 1909 was very briefly tested (and rejected) early in Thursday’s session indicating ST strength, see yesterday’s highlighted comments. ES rallied from there and Aggressive Buying was marked. These green-at-top highs are tested within a […]

S&P 500 emini pre-open Thursday 29th May posted 09.09 a.m. est Pre-open comment Thursday 29th May The major poc migrated to 1872 last Wednesday and as I wrote pre-open following day “directional moves are often preceeded by a migration of a poc level”. ES has moved higher from that point, in fact Wednesday’s Value Area […]

posted 09.12 a.m. est Pre-open comment Wednesday 28th May The four major stock index ETFs now print in strong price locations which is a sign of strength. Concerns are the strength in Bonds and Dollar and slow confirmation from Breadth, especially Nasdaq (see below). Key charts are XLF (see below) and IWM which needs to […]

posted 09.06 a.m. est Pre-open comment Tuesday 27th May ES closed on Friday above the Mon-Wed Hi-Lo Range indicating Buyers Active. The four major stock index ETFs closed the week in strong price locations, see charts in eBook. Key chart IWM needs to hold above 111.48, its 12mn poc. Breadth still needs to confirm the […]

S&P 500 emini pre-open Friday 23rd May posted 09.05 a.m. est Pre-open comment Friday 23rd May Price above important poc levels for ES, SPY, DIA, QQQ is a short term indication of strength that needs to be confirmed by improved breadth and stronger price location for IWM which I’m seeing as the key chart/level here, […]

posted 08.55 a.m. est Pre-open comment Thursday 22nd May Tuesday’s Aggressive Selling imbalance saw no follow-on and in fact yesterday, I marked Aggressive Buying (green-at-top) . What I hadn’t realised when I wrote yesterday’s pre-open was that price action over the previous few hours had already lifted the major poc to 1872. This makes yesterday’s […]

posted 09.20 a.m. est Pre-open comment Wednesday 21st May On Tuesday I marked Aggressive Selling (red-at-bottom). When Significant Buying (green) or Selling (red) is marked it is a useful “go with” or “do not go against” indicator in the short term. When price is located close to a poc or developing poc I have noticed […]