posted 08.08 a.m. est pre-open comment Wednesday 31st July Tuesday’s session low, like Monday’s, was at the First Level Support at 1677.00, see chart.  In the ST as long as ES holds above this level it remains in a strong price location.  Dayframe: The minor 1/2R off last week’s (and July’s) high is 1683 and […]

Posted 09.05 a.m. est pre-open comment Tuesday 30th July Monday’s session low was at the First Level Support at 1677.00, see chart.  In the ST as long as ES holds above this level it remains in a strong price location.  Dayframe: The very minor 1/2R off last week’s (and July’s) high is 1683 (dashed).  This […]

posted 08.47 a.m. est pre-open comment Monday 29th July Last week I marked Significant Selling twice and Significant Buying once. On Friday I marked Aggressive Buying (green-at-top). The Value Area was overlapping/lower so this was not Effective Buying and therefore not convincing (possibly short covering) but never-the-less my #1 Rule tells me that new short […]

posted 07.25 a.m. est pre-open comment Friday 26th July Thursday generated an overlapping Value Area.  The 30day poc at 1677 was tested briefly but ES closed towards the high of the session.  Two hours pre-open today ES has printed as low 1678.  Again today 1677.00 may be intraday Support or Resistance. 1st Level LT Support […]

posted 09.10 a.m. est pre-open comment Thursday 25th July On Wednesday I marked Responsive Selling (red-at-top) for the second day running from price around 1693.  A lower, wider Value Area was generated so this was Effective Selling on the dayframe but Support was found at 1677, the 25day poc.  New long trades are now eliminated […]

posted 09.22 a.m. est pre-open comment Wenesday 24th July Strictly applying my rules I had to mark Responsive Selling (red-at-top) on Tuesday.  Like my comments re the Responsive Selling on 07/16 this is possibly due to Buyers Resting (forcing a Response from the Sellers) and any ST negative implications will be negated if ES prints […]

posted 09.19 a.m. est pre-open comment Tuesday 23rd July Monday generated a higher, narrower Value Area on less Volume.  Since the minor (24day) poc migrated higher to 1677.00 last Wednesday, ES has held above that level which is ST positive. 1st Level LT Support = ES 1645.00 (4mn poc) Stocks>50dyma numbers: Nyse 80%, Nasdaq 80%, […]

posted 90.15 a.m. est pre-open comment Monday 22nd July Last week I marked Responsive Selling on Tuesday which was negated by subsequent price action and Aggressive Buying on Friday. Friday closed above the high of Mon-Wed Hi-Lo range so Buyers were active on this timeframe for the third week running.  In the longer timeframe as […]

posted 08.05 a.m. est pre-open comment Friday 19th July Pre-open Thursday I wrote that 1677.50 could be intraday Support or Resistance and it proved to be the low of the session.  That level, actually 1677.00, is now the 20day poc and again is worth monitoring for intraday Support or Resistance today. Thursday generated a higher, […]

posted 08.54 a.m. est pre-open comment Thursday 18th July Price action on Wednesday negated any negative implications of Tuesday’s Responsive Selling as the red-at-top was exceeded, see yesterday’s highlighted comments. Dayframe: The very minor (6day) poc migrated to 1677.50. This could be intraday Support or Resistance today and price relative to that level may give […]