posted 8.38 a.m. est pre-open comment Monday 24th December Friday’s session (like Thursday’s) generated a lower, wider Value Area.  No Significant Buying or Selling was marked. Friday Closed within Mon-Wed Hi-Lo Range which indicates no bias on the weekly timeframe. First Level Support = 1413 (3mn poc). Second Level Support = 1406 (maj poc) Breadth: […]

posted 9.27 a.m. est pre-open comment Friday 21st December Thursday’s day session generated a lower, wider Value Area. No Significant Buying or Selling was marked but this is currently a news driven market and overnight ES spiked violently lower. Has recovered somewhat and pre-open prints below 1420. See price location (below) which is most important. […]

posted 9.00 a.m. est pre-open comment Thursday 20th December Wednesday’s session generated an inside Value Area on less Volume.  Significant Sellers were marked but this was Ineffective Selling (VA was overlapping) and it followed a day of Effective Buying so this could well be Buyers Resting. Even so new long trades are now eliminated for […]

posted 9.15 a.m. est pre-open comment Wednesday 19th December Note: As of Monday on the chart we are now following the March contract. Tuesday’s session generated a higher, wider Value Area on increased Volume.  Aggressive Buying was marked again.  Buyers are in control of the dayframe. First Level Support = 1413 (3mn poc). Second Level […]

posted 8.58 a.m. est pre-open comment Tuesday 18th December Since the maj poc migrated to 1406 we have seen eight consecutive Value Areas printed above that level and yesterday I marked Significant Buying above that level which is a further positive.  New short trades are now eliminated for me at least until Significant Selling is […]

posted 07.12 a.m. est pre-open comment Monday 17th December Last week I marked Significant Selling twice and no Significant Buying.  So Sellers were active but in the longer timeframe their activity can be called Responsive as it took place above the maj poc at 1406 with price action generally higher than the previous week and […]

posted 08.55 a.m. est pre-open comment Friday 14th December On Thursday I marked Aggressive Selling for the second day running.  As you know these red-at-bottom lows have a high chance of being tested during the following session. Thursday’s Value Area was lower and wider which is Effective Selling in the dayframe (see yesterday’s comments).  In […]

posted 9.18 a.m. est pre-open comment Thursday 13th December Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Wednesday. This was not Effective Selling as the Value Area was overlapping/higher and wider than previous day but it eliminates new long trades for me at least until Significant Buying is marked again. In […]

posted 9.15 a.m. est pre-open comment Wednesday 12th December On Tuesday ES Opened above the 12mn VAH and Sellers did not Respond as they did on 12/03 (see yesterday’s comments).  There is no obvious Resistance level but the 6mn VAH comes in at 1442.  Potentially a volatile day for the market with the FED data […]

posted 9.25 a.m. est pre-open comment Tuesday 11th December We now have three consecutive Value Areas printed above 1406 since the major poc migrated to that level.  Significant Buying marked above that level would be a further positive.  Monday’s VA was generated above the 12mn VAH and acceptance at/above this level would be a positive.  […]