posted 08.44 a.m. est Pre-open comment Tuesday 4th March Monday generated the sixth consecutive Value Area above 1835.50 (6mn poc). There was a brief, rejected, probe below this level but ES is currently holding its strong price location. First sign of weakness would be Effective Selling marked below that poc. First Level Support = 1835.50 […]

posted 09.15 a.m. est

posted 08.15 a.m. est Pre-open comment Friday 28th February On Thursday I marked Aggressive Buying (green-at-top). Over the last fourteen days I have marked Significant Buying eight times and Significant Selling once (which was Ineffective). All four Value Areas this week have been printed above 1835.50 (6mn poc) which is strong price location, see previous […]

posted 08.37 a.m. est Pre-open comment Thursday 27th February Wednesday’s Value Area was the third generated entirely above 1835.50, the 6mn poc which is strong price location if it holds. No Significant Buying has been marked for four days but Sellers have not made a markable appearance either. Monitoring price closely relative to the 1835.50 […]

posted 09.20 a.m. est Pre-open comment Wednesday 26th February Both Monday’s and Tuesday’s Value Area were generated entirely above 1835.50, the 6mn poc, see previous highlighted comments. First Level Support = 1835.50 (6mn poc) Second Level Support = 1792.00 Stocks>50dyma numbers: Nyse 61% (from 62%), Nasdaq 58% (from 59%), R2000 55% (from 57%). Numbers >50 […]

posted 09.14 a.m. est Pre-open comment Tuesday 25th February Monday’s Value Area was generated entirely above 1835.50, the 6mn poc, see yesterday’s highlighted comments. First Level Support = 1835.50 (6mn poc) Second Level Support = 1792.00 Stocks>50dyma numbers: Nyse 62% (from 58%), Nasdaq 59% (from 56%), R2000 57% (from 53%). Numbers >50 are considered supportive. […]

posted 07.52 a.m. est Pre-open comment Monday 24th February Last week Aggressive (but Ineffective) Selling was marked on Wednesday with Buyers Responding immediately on Thursday to a test of that red-at-bottom low. ES was auctioned quickly back to the 1835.50 poc and two hours pre-open today it prints above that level. Buyers are still in […]

posted 08.10 a.m. est Pre-open comment Friday 21st February Following Wednesday’s Aggressive but Ineffective Selling, the red-at-bottom low was tested on Thursday. Buyers Responded immediately, quickly auctioning ES back to the 1835.50 poc, see previous highlighted comments. In the last three weeks I have marked Significant Buying eleven times and Significant Selling once. The first […]

posted at 06.00 a.m. est Pre-open comment Thursday 20th February On Wednesday I marked Aggressive Selling for the first time in eleven days. These red-at-bottom lows are tested within one or two days, 80% of the time. The Value Area was overlapping so this cannot be called Effective Selling but even so, new long trades […]

posted 09.10 a.m. est Pre-open comment Wednesday 19th February One week ago the 6mn poc migrated down from 1835.50 to 1792.00. Enough time was spent at 1835.50 yesterday to migrate the poc back to that level. With the dayframe imbalances indicating that Buyers are Active and Effective the analysis remains positive in the near term […]