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 = […]

posted 08.44 a.m. est Pre-open comment Tuesday 4th February On Monday I marked Aggressive Selling. These red-at-bottom lows are usually retested within a day (or two). Early in the session IWM broke below 110.87 and this signalled further weakness, see yesterday’s highlighted comments. First Level Resistance = 1758.00 (prev poc and Dec low) Stock index […]

posted 09.12 a.m. est Pre-open comment Monday 3rd February Strictly applying my rules I had to mark Responsive Buying (green-at-bottom) on Friday but there are too many negatives to consider this any kind of indication of strength. If time is spent around the 1780 area of price it is possible that the 4mn poc (currently […]

posted 09.05 a.m. est Pre-open comment Friday 31st January See previous comments. No Significant Buying marked for eleven days. ES consolidating lower prices with the very minor (8day) poc now at 1784. ES prints below this level in a very weak price location. Stock index ETFs: All four ETFs have Momentum (PriceOsc) down and negative. […]