Pre-open comment Thursday 2nd April See yesterday’s highlighted comments. Wednesday’s session generated a lower Value Area but entirely above First Level Support at 2045.00 which was tested and rejected early in the session and provided intraday Support later in the day. Bulls would hope to see Significant Buying marked above this level. Time below 2045.00 […]

Pre-open comment Wednesday 1st April Although ES managed to hold above 2066.50 for most of Tuesday’s session, see yesterday’s comments, a late sell-off meant that Aggressive Selling (red-at-bottom) was marked again. And two things of note happened overnight. Firstly, ES declined sharply to test our First Level Support at 2033.50, in fact that was the […]

            Pre-open comment Tuesday 31st March Monday opened just below 2066.50 and immediately rallied with the session generating a Value Area entirely above that level. However overnight ES has retraced the gains and pre-open prints just below the poc, which could be intraday Support or Resistance today. Significant Buying has […]

Pre-open comment Monday 30th March Last week I marked Significant Selling twice and no Significant Buying. Importantly, the Support at 2033.50 has not yet been broken, see chart. Time below that level would be weaker price location. Overnight ES has rallied to probe above 2066.50, First Level Resistance, but one hour pre-open is printing just […]

Pre-open comment Friday 27th March Thursday generated a third consecutive lower Value Area. The Support at 2033.50 has not yet been broken – price below this level would be weaker price location. First Level Resistance = 2066.50 (7mn poc) First Level Support = 2033.50 (previous poc) Stock Index ETFs: Momentum (PriceOsc) is positive for IWM […]

Pre-open comment Thursday 26th March Wednesday generated another lower, wider Value Area and Aggressive Selling was marked again, see yesterday’s highlighted comments The Support at 2066.50 did not hold and overnight ES has tested the next level of Support at 2033.50. If ES prints below 2066.50 it is in a weak price location. I will […]

Pre-open comment Wednesday 25th March Tuesday generated a lower, wider Value Area and Aggressive Selling was marked for the first time in ten days. These red-at-bottom lows are tested within a day (or two) 80% of the time. If ES declines further there is Support at 2066.50 and as long as chart holds above this […]

Pre-open comment Tuesday 24th March See yesterday’s high;ighted comments. Monday generated a narrow “inside” Value Area. First Level Resistance at 2107.00 was the exact high of the session and is yet to be exceeded. Dayframe: there is a very minor (5day) poc at 2096.00. For intraday traders price relative to this level may be useful […]

S&P 500 emini pre-open Monday 23rd March Last week no Significant Buying or Selling was marked but technicals improved. The 7month poc migrated to 2066.50 and is now First Level Support. Bulls would want to see ES holding above this level. ES ended the week strongly probing First Level Resistance on Friday, 2107.00. Breadth imporoved, […]

S&P 500 emini pre-open Friday 20th March Following Wednesday’s strong up-day, Thursday was a consolidating inside day which generated a narrow Value Area. Significant Sellers were not marked. Bulls would want to see ES holding above the 7month poc at 2066.50. and this is now First Level Support. Momentum (PriceOsc) is up for IWM (smallcaps), […]