S&P 500 emini pre-open Thursday 19th March Note: we are now following the ES June contract as of this week. See previous highlighted comments. The 7month poc has migrated to 2066.50 and this is now First Level Support. As long as ES holds above this level it is in a strong price location. First Level […]

S&P 500 emini pre-open Wednesday 18th March See yesterday’s highlighted comments. ES has stalled at the minor 1/2R off the recent high (2078.00) as has SPY, DIA, QQQ. Momentum (PriceOsc) is still down for these charts but has turned up for IWM (smallcaps) which is very much the leader currently. If time is printed above […]

S&P 500 emini pre-open Tuesday 17th March I have mentioned in the past that when price is close to a poc of some significance the implications of the Buying and Selling Imbalances become less reliable. Recently Significant Selling (red) auctioned ES lower, close to the Support at the 2033.50 poc. Support held and Buyers were […]

S&P 500 emini pre-open Monday 16th March Last week I marked Significant Selling twice and Significant Buying once. Friday printed below Thursday’s low negating any ST positive implications of Thursday’s Aggressive Buying. This is the second time in eight days that a green-at-top high has not been tested, see Friday’s highlighted comments. The Support at […]

S&P 500 emini pre-open Friday 13th March Thursday’s session generated a higher Value Area and Significant Buying was marked for the first time in eight days. These green-at-top highs are tested within a day (or two) 80% of the time. The previous one on 03/02 was not. The Support at 2033.50 has held so far. […]

S&P 500 pre-open Thursday 12th March Wednesday’s session tested Tuesday’s red-at-bottom low. A lower, narrow Value Area was generated but the Support at 2033.50 was not broken. Price below this level would put the chart in a still weaker price location. At these levels I will not consider the long side unless Significant Buying is […]

S&P 500 emini pre-open Wednesday 11th March Tuesday generated a lower, wider Value Area and Aggressive Selling (red-at-bottom) was marked again, see yesterday’s highlighted comments There is Support at 2033.50, see below, and Bulls would hope that if this level is tested it woould be recovered quickly. Price below this level would put the chart […]

S&P 500 emini pre-open Tuesday 10th March The last five Value Areas have been generated below the poc at 2107.00 which is weak price location in the ST and on Friday I marked Aggressive Selling. These red-at-bottom lows are tested within a day (or two) 80% of the time and today ES may well open […]

Pre-open comment Friday 6th March The last three Value Areas have been generated below the poc at 2107.00 which is weak price location in the ST. If the poc does not migrate Bulls would want to see time being printed back above 2107 as soon as possible. Since the recent high Sellers (red) have not […]