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 […]

posted 08.57 a.m. est Pre-open comment Friday 11th April I marked Significant Selling twice on Thursday and the ST analysis has taking on a very negative look. Aggressive Selling 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 […]

posted 09.20 a.m. est Pre-open comment Thursday 10th April ST Positives: Buyers reacted on Tuesday to a probe of the 1835.50 Support and yesterday Aggressive Buying (green-at-top) was also marked. SPY, IWM and QQQ also Support this week just where Bulls would want it. These levels, as shown in eBook, are now proven Support and […]

posted 09.19 a.m. est Pre-open comment Wednesday 9th April See yesterday’s highlighted comments. We did get a (brief) test of the ES 1835.50 Support and Buyers Reacted (green-at-bottom). SPY, IWM and QQQ also found Support at levels given in the eBook but with Momentum (PriceOsc) for IWM and QQQ still negative and down and %stocks>50dyma […]

posted 09.24 a.m. est Pre-open comment Tuesday 8th April On Monday I marked Aggressive Selling again. These red-at-bottom lows are usually (80%) tested within a day or two and that would suggest a test of the six month Support at 1835.50. Bulls would hope that Buyers react to such a test because price printing time […]

posted 08.50 a.m. est Pre-open comment Monday 7th April On Friday I marked Reactive Selling (red-at-top) and Aggressive Selling (red-at-bottom). New long trades are now eliminated for me, at least until new Significant Buying is marked. Negatives are building but there is LT Support at 1835.50 (6mn poc) – price printing below this level would […]

posted 08.40 a.m. est Pre-open comment Friday 4th April The ST analysis is positive with ES holding above 1872.50 (28dy poc), Breadth numbers picking up, Momentum (PriceOsc) up for all four stock index ETFs and although Sellers were active throughout March they were Ineffective on the longer timeframe. Potential problems in the LT could be […]

posted 09.07 a.m. est Pre-open comment Thursday 3rd April The minor (27dy poc) migrated higher again to 1872.50. As long as ES holds above this level it is in a strong price location in the ST. Breadth numbers improved again, see below. SPY, IWM, QQQ ETFs now have Momentum (PriceOsc) heading up although still negative. […]