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 […]

posted 09.09 a.m. est Pre-open comment Thursday 17th April Measured on a 30minute basis the 3mn poc migrated higher to 1849.50 yesterday which is the exact 1/2R of recent high. Aggressive Buying (green-at-top) was marked. Pre-open ES prints above this First Level Support. First Level Support = 1849.50 (minor 1/2R and 3mn poc) Second Level […]

posted 08.54 a.m. est Pre-open comment Wednesday 16th April ES recovered on Tuesday to print back above 1835.50, the 6mn poc, and pre-open has probed 1849.50 which is the minor 1/2R off this month’s high. First Level S/R = 1849.50 (minor 1/2R) First Level Support = ES 1835.50 (6mn poc) Pre-open SPY also prints just […]

posted 08.44 a.m. est Pre-open comment Tuesday 15th April Friday’s red-at-bottom low was not tested during Monday’s session although it was tested pre-open yesterday. Price above 1828.50 (Friday’s session high) would negate any ST negative implications of that Aggressive Selling but unless ES can print back above 1835.50 it remains in a very weak price […]

posted 09.14 a.m. est Pre-open comment Monday 14th April Last week I marked Significant Selling four times and Significant Buying twice. Sellers auctioned ES below the 1835.50 poc and this is weak price location without an obvious and close next level Support. If ES remains below that level I will be very cautious and at […]