posted 08.55 a.m. est Pre-open comment Monday 5th May   Last week I marked Significant Buying once and no Significant Selling.   Pre-open today (Monday) ES prints below 1871.50, the 3mn poc.   First Level Resistance = 1871.50 (3mn poc) First Level Support = 1849.50 (minor 1/2R) Major Support = ES 1835.50 (maj poc)   […]

posted 09.09 a.m. est Pre-open comment Friday 2nd May Thursday’s session found low at 1871.50 First Level Support, see yesterday’s comments. As long as this level holds ES is in a strong price location. Dayframe: The minor (28day) poc migrated up to 1878.50. This may be a useful intraday level to monitor for ST traders. […]

posted 08.16 a.m. est Pre-open comment Thursday 1st May Wednesday’s session generated a Value Area above 1871.50, the 3mn poc. Aggressive Buying was marked (green-at-top) for the first time in nine days and Sellers have not been marked for twelve days. If ES can hold above 1871.50 it is in a strong position. Ninety minutes […]

posted 09.22 a.m. est Pre-open comment Wednesday 30th April As I anticipated the 3mn poc migrated up to 1871.50. There appears to be a lack of directional conviction (no Significant Buying or Selling) since ES auctioned higher in the middle of the month. For that reason and because market Breadth is still not supportive and […]

posted 09.26 a.m. est Pre-open comment Tuesday 29th April On Monday ES briefly tested First Level Support at 1849.50 but quickly recovered to the 3mn poc at 1864. SPY perfomed in exactly the same way, testing its own 1/2R and then recovering to its 7mn poc at 187.73, see below. Pre-open ES has probed into […]

posted 09.23 a.m. est Pre-open comment Monday 28th April Last week I marked no Significant Buying or Selling. On Friday the 3mn poc migrated to 1864. This is a useful level to monitor and could be a level of Support or Resistance at the start of this week. Breadth is not supportive, see below. First […]

posted 09.23 a.m. est Pre-open comment Friday 25th April ES found Support intraday at the minor (2mn) poc at 1864, see yesterday’s highlighted comments. Average Hi-Lo range for ES recently has been about 36 points. This week the Hi-Lo range so far is only 26 points suggesting potential for range expansion today. As long as […]

posted 09.18 a.m. est Pre-open comment Thursday 24th April I noticed that when sampled on a five minute basis the poc at 1835.50 became more important than just 6mn Support. This occured on the recent dip. Therefore I label it as major poc for this chart and the key level in the LT. The seven […]

posted 08.45 a.m. est Pre-open comment Wednesday 23rd April Dayframe: ES has established an uptrend on this timeframe. Note that the last four sessions have been generated above the previous day’s poc (extended on chart). As long as ES holds above 1849.50 it is in a strong price location in this timeframe and as long […]

posted 09.16 a.m. est Pre-open comment Tuesday 22nd April Last Wednesday the 3mn poc migrated higher to 1849.50 and became First Level Support. You can see that both subsequent Value Areas on Thursday and Monday were generated above this level. As long as ES holds above 1849.50 it is in a strong price location. First […]