S&P 500 emini pre-open Tuesday 24th June posted 09.19 a.m. est Monday’s session was printed entirely above the minor poc at 1949.00, see yesterday’s highlighted comments. Time printed below that level would be a minor sign of weakness. Pre-open that level has been tested. Rydex ratio pushing higher again, see below. Momentum for all four […]

S&P 500 emini pre-open Monday 23rd June posted 08.45 a.m. est Last week I marked Significant Buying once and no Significant Selling. Early in the week the min poc fell to 1922.50 where ES subsequently found Support and later in the week the min poc moved back up to 1949.00. Will this level provide Support […]

S&P 500 emini pre-open Friday 20th June posted 09.05 a.m. est Interesting how the minor poc has been migrating, see previous highlighted comments. On Tuesday it fell to 1922.50 where ES subsequently found Support (see dashed line) and has now moved back up to 1949.00. Will this level now provide Support? Negatives: VIX has fallen […]

S&P 500 emini pre-open Wednesday 18th June posted 08.56 a.m. est The minor (27day) poc moved back down to 1922.50, see previous highlighted comments. Price below 1922.50 would be a minor sign of weakness. Looking at the ES Sep contract in isolation, the 1/2R of this month’s high is at 1932.50 which may be intraday […]

S&P 500 emini pre-open Tuesday 17th June posted 0848 a.m. est dayframe: Looking at the ES Sep contract in isolation, the 1/2R of this month’s high is at 1932.50 which may be intraday Support or Resistance today. Price below 1922.50, our dayframe Support, would be a minor sign of weakness. Note that this was almost […]

S&P 500 emini pre-open Monday 16th June posted 09.12 a.m. est Note: we are now following the ES Sep contract. Friday closed below the Mon-Wed Hi-Lo Range indicating Sellers Active on the weekly timeframe but the weely bar was overlapping/higher so this is not Effective Selling on this timeframe. On Friday I marked Reactive Buying […]

S&P 500 emini pre-open Friday 13th June Posted 09.07 a.m. est See previous comments, highlighted on graphic. On Thursday Aggressive Selling was marked (red-at-bottom) and this occured below 1947, the minor poc. Previously the minor poc was at 1922.50 and this is the best level I have above 1872 for potential Support. Price below 1872 […]

S&P 500 emini pre-open Thursday 12th June posted 09.19 a.m. est Dayframe: The minor (19day) poc migrated to 1947.0 and this is now First Level Resistance. I would want to see that poc migrate lower or see ES print above 1947.0 before considering new long trades but only price below 1872 would be a sign […]

S&P 500 emini pre-open 11th June posted 08.42 a.m. est I marked Reactive Buying (green-at-bottom) on Tuesday but if ES prints 1944 after the Open today it negates any ST positive implications of that imbalance. One hour pre-open ES is printing below that level on news that the World Bank downgraded its global growth outlook. […]

S&P 500 emini pre-open Tuesday 10th June posted 08.52 a.m. est Significant Selling has not been marked for thirteen days, As long as ES holds above the minor poc at 1922.50 it is in a strong ST price location and only price below 1872 would be a sign of weakness in the LT. Dayframe Support […]