posted 09.14 a.m. est Pre-open comment Friday 28th March Thursday’s session generated a lower, narrower Value Area. There was a brief probe into the Support. In the last three weeks I have marked Significant Selling seven times and Significant Buying twice and yet all daily Value Areas have been printed above 1835.50, the 6mn poc. […]

posted 09.24 a.m. est Pre-open comment Thursday 27th March On Wednesday I marked both Responsive (red-at-top) and Aggressive (red-at-bottom) Selling. The Value Area was “outside” the previous Value Area so once again this is not Effective Selling on the daily time frame and can be considered Responsive Selling in the longer timeframe because it all […]

posted 09.21 a.m. est Pre-open comment Wednesday 26th March Tuesday generated a higher, wider Value Area. The most recent imbalance was the Responsive Selling on Friday so Significant Buying needs to be marked before I can consider new longs but ES has held a strong price location above 1835.50 while Momentum (PriceOsc) for the four […]

posted 09.20 a.m. est Pre-open comment Tuesday 25th March Monday generated a lower, narrower Value Area and the session low was a probe into the VAL of the current price range at 1843 (dashed). All Value Areas this month have been printed above 1835.50, the 6mn poc, and that means that any Significant Selling marked […]

posted 09.15 a.m. est Pre-open comment Monday 24th March Last week I marked Significant Selling twice and Significant Buying once. Although there was another failed probe above 1872 on Friday enough time was printed there to lift the 2mn poc to that level, see previous highlighted comments. This is now First Level Resistance. First Level […]

posted 09.19 a.m. est Pre-open comment Friday 21st March See previous highlighted comments. On Wednesday Buyers Responded to another brief probe below 1852, the minor 1/2R of the recent high. ES closed near the high of the session and pre-open today has printed higher, back to the VAH near 1872 where it has once again […]

posted 06.57 a.m. est Pre-open comment Thursday 20th March See previous highlighted comments. ES stalled at the VAH as suspected and later in the session Aggressive Selling was marked as ES probed 1852, the minor 1/2R of the recent high. This Selling was Ineffective because the Value Area was higher and wider. Sellers have been […]

posted 09.18 a.m. est Pre-open comment Wednesday 19th March Dayframe: I wrote pre-open yesterday that Useful intraday level to monitor is the minor 1/2R of the recent high. This would be..1852 ES Jun. You can see that Tuesday’s session low held that level which is a minor positive. As long as ES holds that level […]

This chart now includes for June contract starting this week