Pre-open comment Monday 18th August Activity: Last week I marked Significant Buying twice and no Significant Selling. Efficiency: see chart. w/e 08/01 Sellers were Active and Effective, w/e 08/08 Buyers and Sellers were both Active & ES stalled, w/e 08/15 Buyers were Active & ES rallied but on the larger timeframe the two most recent […]

Pre-open comment Friday 15th August posted 09.28 a.m. est Thursday generated a higher Vlaue Area but again it was narrower than the VA 20day average and Volume was also below average, previous highlighted comments. But, ES currently prints above the 1949 poc it in a stronger price location. This is now First Level Support. ES […]

S&P 500 emini pre-open Thursday 14th August posted 09.14 a.m. est dayframe: All three Value Areas (VA) this week have been printed above last week’s composite VA but each has been narrower than the VA 20day average. Volume has also been below average. ST Bulls would prefer to see expanding VAs and Volume on a […]

S&P 500 emini pre-open Wednesday 13th August posted 08.52 a.m. est dayframe: The minor 1/2R off July’s high is at 1938 (dashed). This was probed on Monday and pre-open today ES is again attempting to print time above this minor Resistance. Equivalent level for SPY is 194.80. ES First Level Resistance = 1949.00 (4mn poc) […]

S&P 500 emini pre-open Tuesday 12th August posted 09.09 a.m. est Monday opened higher following Friday’s bounce. The session generated a Value Area higher than the recent price range but below the 1949 poc, see yesterday’s highlighted comments. The minor 1/2R off July’s high is at 1938 (dashed). This was probed yesterday but little time […]

S&P 500 emini pre-open Monday 11th August posted 09.12 a.m. est Both the Significant Buyers (green) and Sellers (red) were active last week which is unusual and indicates a minor struggle for control. However, all Value Areas were generated below 1949, the 4mn poc, and therefore in the longer timeframe the Selling can be considered […]

S&P 500 emini pre-open Tuesday 5th August posted at 05.00 a.m. est By strictly applying my rules I had to mark Significant Buying on Monday. However, an “inside” Value Area was generated so this was not Effective Buying. This is the only Significant Buying I have marked in seventeen days and follows the Effective Selling […]

S&P 500 emini pre-open Friday 1st August posted 09.15 a.m. est Over the last fifteen days I have marked no Significant Buying and Significant Selling has been marked three times. Thursday’s Aggressive Selling (red-at-bottom) is the most important being marked below 1949 (the 4mn poc) which is now First Level Resistance and a critical level […]

S&P 500 emini Wednesday 23rd July posted 08.34 a.m. est Tuesday’s session generated a higher, narrower Value Area and a new high. First sign of weakness in the ST would be time spent below 1967.50 (minor poc) and in the LT it would be Significant Selling marked below 1949.00 (3mn poc). ES First Level Support […]

S&P 500 emini pre-open Tuesday 22nd July posted 09.27 a.m. est Monday’s session produced an “inside” Value Area and price spent further time around the minor poc at 1967.50. Pre-open today ES is printing above that level which we can call First Level Support. Significant Buying marked above 1967.50 would be a positive and time […]