S&P 500 emini pre-open Tuesday 13th January posted 08.32 a.m. est Monday’s open was just above 2035.00 but ES immediately rejected this level and sold off. A lower, narrower Value Area on less Volume was generated. Pre-open today 2035 has been probed again but no time has been printed above that price, see previous, highlighted […]

S&P 500 emini pre-open Monday 12th January posted 09.05 a.m. est Last week I marked Significant Selling once. Significant Buying has not been marked for eight days. The 4mn poc migrated back down to 2035.00 and that is where ES closed on Friday. 2035.00 could be intraday Support or Resistance at the start of this […]

S&P 500 emini pre-open Friday 9th January posted 08.55 a.m. est See previous comments. ES opened just above the 2035.00 poc and immediatlely rallied. This is now the level to monitor and as long as the chart holds this level it is a strong price location. Time spent between 2065-2070 could migrate that poc higher […]

S&P 500 emini pre-open Thursday 8th January posted 09.08 a.m. est Overnight ES has been printing above 2030 and the 4mn poc has now migrated back down to 2035.00, see previous, highlighted comments. This is not necessarily a negative. This poc is the controlling price of a distribution which (imo) began in mid October – […]

S&P 500 emini pre-open Wednesday 7th January posted 09.17 a.m. est For three consecutive days the Value Area has been generated entirely below the previous one. This is a weak pattern but there is major Support a little lower at 1962.00, the 6mn poc. Bulls would not want to see time printed below this level. […]

Pre-open comment Tuesday 6th January The previous level of a poc will sometimes provide Support and 2035.00 was a possibility but this level (dashed) was immediately rejected post-open on Monday. I will wait for Significant Buying (green) to be marked before considering new longs. Breadth has deteriorated, see below, and the Rydex traders have not […]

Pre-open comment Monday 5th January Early last week ES found Resistance at 2081.00 (dashed), the minor poc, see previous comments. Mid week Aggressive Selling was marked (red-at-bottom). The 4mn poc migrated to 2070.00 and this is now First Level Resistance. Previously, that poc had been at 2035.00 and this could potentially provide Support – or […]

S&P 500 emini pre-open Friday 2nd January posted 09.25 a.m. est Dayframe: ES couldn’t recover above 2081 (dashed) and we have now seen a test of 2066.00, see previous highlighted comments. Aggressive Selling (red-at-bottom) was marked on Wednesday. The 4mn poc has migrated to 2070.00 and this is now First Level Resistance. First Level Resistance […]

S&P 500 emini pre-open Wednesday 31st December posted 08.18 a.m. est Dayframe: See yesterday’s highlighted comments. ES opened on Tuesday just below 2081.00 (dashed), the 15dy poc, which was then briefly probed and rejected. ES spent the rest of the session below that level. In the longer timeframe, as long as ES holds above 2066.00 […]

S&P 500 emini pre-open Tuesday 30th December posted 07.45 a.m. est Dayframe: The 15dy poc is at 2081.00. On Monday Buyers Reacted (green-at-bottom) to a probe of that level. Price below that minor Support post-open would negate any ST positive implications of that mark and time below that level would suggest a test of 2066.00. […]