posted 08.40 a.m. est Pre-open comment Friday 24th January See previous highlighted comments. Thursday’s session generated a Value Area entirely below the 1835.50 poc which isn’t encouraging. As the 4mn poc recently migrated up to this price, Significant Selling marked below this level would be a clear indicator of weakness. Bulls would hope for a […]

posted 08.05 a.m. est Pre-open comment Thursday 23rd January See Wednesday’s highlighted comments. Pattern of uptrend is 1) poc migrates higher, 2) new poc provides Support. That’s why I wrote yesterday re the 1835.50 poc, “ST Bulls would want to see intraday Support rather than Resistance in this area of price.” You can see from […]

posted 09.26 a.m. est Pre-open comment Wednesday 22nd January I wrote pre-open yesteday that “Currently ES is finding value at 1835.50” and you can see that during Tuesday’s session the most time (poc) was spent at this price. In fact enough was spent there to lift the 4mn poc to this level (see highlighted comments […]

posted 08.12 a.m. est Pre-open comment Tuesday 21st January Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Friday. If ES prints 1840 or higher during today’s session it will negate the ST negative implications of that imbalance and as of two hours pre-open today has printed as high as 1842.25. Currently […]

posted 09.01 a.m. est Pre-open comment Friday 17th January Thursday’s session generated another Value Area printed entirely above the 1835.50 poc Support which held (see chart). One hour pre-open chart prints close to that level but only Significant Selling marked below 1803.50 (4mn poc) would be a concern in the LT. First Level S/R = […]

posted 08.38 a.m. est Pre-open comment Thursday 16th January Wednesday’s session generated a gap higher Open and a Value Area printed entirely above the 1835.50 poc. As long as ES can now hold this level (and despite extreme Sentiment readings, see below) it would suggest development up to 1865. Only Significant Selling marked below 1803.50 […]

posted 08.53 a.m. est Pre-open comment Wednesday 15th January Pre-open last Thursday I wrote “In the last six days we have had an Aggressive Buying imbalance and a Responsive Selling imbalance, both of which did not see follow-on Buying/Selling. This usually indicates a poc of some importance (i.e. currently most important) is emerging somewhere in […]

posted 09.28 a.m. est Pre-open comment Tuesday 14th January The 30day poc at 1835.50 had been tested twice last week and when rejected once again early in Monday’s session, ES declined sharply to test the low of the three week price range (1817.25). Aggressive Selling was marked and these red-at-bottom lows are usually tested within […]

posted 09.19 a.m. est Pre-open comment Monday 13th January Last week I marked Significant Buying once and Significant Selling once. During Thursday’s session, and again on Friday, the poc at 1835.50 was probed but as of pre-open today no significant time has been printed above this Resistance. If price can print time above this level […]

posted 08.20 a.m. est Pre-open comment Friday 10th January Responsive Buying (green-at-bottom) was marked on Thursday. New short trades are now eliminated for me, at least until Significant Selling is marked again. I wrote yesterday that the 25day poc was an important level to monitor (see highlighted comments). More time was spent in this area […]