posted 09.00 a.m. est Pre-open comment Monday 17th February Friday closed above Mon-Wed Hi-Lo Range indicating Buyers Active for the second week on this timeframe. On Monday last week the six month poc migrated to 1792 followed by four Value Areas printed entirely above this level which is a bullish pattern. As long as ES […]

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posted 09.09 a.m. est Pre-open comment Friday 14th February Dayframe: Over the last seven sessions I have marked Significant Buying six times and no Significant Selling. On Thursday Buyers Responded (green-at-bottom) to a weak open and later in the session Aggressive Buying was also marked (green-at-top). The session generated a third Value Area entirely above […]

posted 08.50 a.m. est Pre-open comment Thursday 13th February Wednesday’s session generated a second Value Area entirely above 1792, the newly migrated 6mn poc. As long as ES holds above this level it is in a strong price location. ES First Level Support = 1792.00 (6mn poc) Stock index ETFs: Key chart is Small Caps […]

posted 08.22 a.m. est Pre-open comment Wednesday 12th February I marked Aggressive Buying (green-at-top) again on Tuesday. The session generated a Value Area entirely above 1792, the newly migrated 6mn poc. As long as ES holds above this level it is in a strong price location. ES First Level Support = 1792.00 (6mn poc) Stock […]

posted 09.17 a.m. est Pre-open comment Tuesday 11th February I marked Aggressive Buying (green-at-top) again on Monday. Enough time was spent at 1792 for the 6mn poc to migrate to this level. This is now the important level to monitor and thirty minutes pre-open ES prints just above this price. ES First Level S/R = […]

posted 09.20 a.m. est Pre-open comment Monday 10th February I marked Aggressive Buying (green-at-top) on Friday as ES ended the week close to the high and above Mon-Wed Hi-Lo Range which indicated Buyers Active on the weekly timeframe. Pre-open ES prints 1790 which is the key level at the start of this week, see below. […]

posted 09.16 a.m. est Pre-open comment Friday 7th February Market has been technically oversold and is up from this week’s lows. Breadth and price momentum need to improve. In the near term ES and SPY have interesting levels of Resistance, i.e. the 1/2R off January high corresponds to the minor poc from the same point, […]

posted 08.55 a.m. est Pre-open comment Thursday 6th February Monday’s red-at-bottom low was tested (by 0.25 pt) during Wednesday’s session, see yesterday’s highlighted comments. Strictly applying my rules I had to mark Responsive Buying (green-at-bottom) as I did on Friday but I make the same comment I did then: there are too many negatives to […]

posted 09.20 a.m. est Pre-open comment Wednesday 5th February I do know that no Significant Buying or Selling was marked which means that the last imbalance was Monday’s Aggressive Selling. This red-at-bottom low has not yet been tested as they usually are within a day or two (80% of the time). First Level Resistance = […]