Pre-open Thursday 2nd July Wednesday generated a higher, but unconvincing, Value Area. ES has stalled just above the potentail Support at 2045.00, but as I wrote on Tuesday, as a “previous” poc we can’t be sure how valid it is. In any case I need to see Significant Buying marked 2095.00, which is the 10mn […]

Monday’s red-at-bottom low was very briefly tested on Tueday. AS I wrote yesterday, there is potential Support around 2045.00 but as a “previous” poc we can’t be sure how valid it is. In any case I need to see Significant Buying marked 2095.00, which is the 10mn poc, before considering new longs. Bulls would want […]

Pre-open Tuesday 30th June Monday generated a lower Value Area on high Volume and Aggressive Selling was marked again. The only potential Support I can find at current levels is 2045.00 which was a previous pooc of some importance. In any case price below 2095.00 (10mn poc) is weak location. I need to see Significant […]

Pre-open Monday 29th June See previous highlighted comments. Last week ES found Resistance at pocs, 2116.00 on Wednesday and 2107.00 on Thursday – this was weak price action. Aggressive Selling was marked on both days. The Support at 2095.00 was tested with ES closing the week at this level which is now, once again, the […]

Pre-open Friday 26th June See yesterday’s highlighted comments. On Thursday an early probe of 2107.00 (10mn poc) was rejected and ES sold off to break Wednesday’s red-at-bottom low and test the Support at 2095.00. Little time (so far) has been printed below this level but Aggressive Selling was marked again on Thursday and as mentioned […]

Pre-open comment Thursday 25th June On Wednesday an early probe above 2116.00 (the minor poc) was rejected, see yesterday’s highlighted comments. Later in the session Aggressive Selling was marked below 2107, the 10mn poc. These red-at-bottom lows are tested 80% of the time within a day (or two) but there is Support at 2095.00. Price […]

Pre-open comment Wednesday 24th June Tuesday generated a second Value Area above 2107.00 (10mn poc). As long as ES prints above 2107.00 it is in a strong price location but time spent below 2095.00 would be weak price location and a negative. Dayframe: the minor poc (14day) is at 2116.00 and could be a useful […]

Pre-open comment Tuesday 23rd June Monday generated a Value Area entirely above 2107.00 (10mn poc). As long as ES prints above 2107.00 it is in a strong price location but time spent below 2095.00 would be weak price location and a negative. Dayframe: the v minor poc (8day) is at 2116.50 and could be a […]

Pre-open comment Monday 22nd June Last week saw a rejected probe below the 4mn Value Area low and ES rallied back above the 2095.00 poc. Following Friday’s price action that 10mn poc has once again migrated back to 2107.00. These two levels give us a guide. As long as ES prints above 2107.00 it is […]

Pre-open comment Thursday 18th June Pre-open Thursday enough time was spent at 2095.00 to migrate the poc, very slightly, back to that price. ES opened just above that level and quickly auctioned higher. As long as ES prints above 2095.00l it is a strong price location. First Level Support = 2095.00 (10mn poc) Momentum (PriceOsc) […]