Pre-open comment Wednesday 22nd April ES opened above 2095.50 (3mn poc) and Sellers Reacted immediately (red-at-top). Note that the minor poc has also migrated to this level. Overnight ES has printed as low as 2080.25 (as of ninety minutes pre-open). I’m not looking to initiate new longs until Significant Buying (green) is marked again, preferably […]

Pre-open comment Tuesday 21st April The given minor poc level at 2084.00 provided early Support on Monday, see yesterday’s highlighted comments. That’s encouraging. And, during the session enough time was printed at 2095.50 to lift the 3month poc to that level and this may provide intraday Support or Resistance today. As long as ES prints […]

Pre-open comment Monday 20th April Last week I did not mark any Significant Buying or Selling. The minor poc has migrated to 2084.00 and this should be monitored at the start of this week for intraday Support or Resistance, but as long as ES prints above 2045.00 it is in a strong LT position. First […]

Pre-open comment Friday 17th April As long as ES prints above 2072.00 it is in a strong ST price location and if it prints above 2045.00 it is in a strong LT position. Dayframe: Thursday’s session generated an overlapping Value Area above 2089.50, the v minor poc. However, ninety minutes pre-open ES is printing below […]

Pre-open comment Thursday 16th April Wednesday’s session generated a higher, narrower Value Area. As long as ES prints above 2072.00 it is in a strong ST price location and if it prints above 2045.00 it is in a strong LT position. Dayframe: Pre-open today ES has probed the v min Support at 2089.50 see yesterday’s […]

Pre-open comment Wednesday 15th April Tuesday’s session generated a lower, narrower Value Area. As long as ES holds above 2072.00 it is in a strong ST price location. Dayframe: the 10dy poc migrated to 2089.50 and is worth monitoring intraday. Price printing time below this level would be first sign of minor weakness. First Level […]

Pre-open comment Tuesday 14th April There was selling throughout Monday’s session but an overlapping Value Area was generated and therefore in the dayframe the Selling was Ineffective. As long as ES holds above 2072.00 it is in a strong ST price location. First Level Support = 2072.00 (minor poc) Second Level Support = ES 2045.00 […]

Pre-open comment Monday 13th April Last week I marked Significant Buying twice and no Significant Selling. Aggressive Buying (green-at-top) was marked for the first time in nineteen days and this was above 2072.00, the minor poc. Friday generated the sixth consecutive Value Area above the 2045.00 poc. This is positive price action and as long […]

Pre-open comment Friday 10th April Thursday generated the fifth consecutive Value Area above the 2045.00 poc. Aggressive Buying (green-at-top) was marked for the first time in nineteen days and this was above 2072.00, the minor poc. This is a further positive and as long as ES holds above 2072.00 it is in a strong ST […]