posted 9.17 a.m. et pre-open comment Tuesday 9th October Overnight ES has printed down to 1445.50 and probed First Level Support – currently, pre-open, ES prints above 1450.  Monday’s session generated a lower, narrower Value Area on low Volume. I have not marked Significant Buying for seven days and yet ES is printing higher.  This […]

posted 8.38 a.m. et pre-open comment Monday 8th October Friday’s session opened well above the VAH (dashed) at 1454 (see Thursday’s comments) but was quickly auctioned back below that level.   imo the most bullish development here is that same level (1454) attracting time and the current poc migrating up to that level.  Time printed below […]

posted 9.12 a.m. et pre-open comment Friday 5th October Thursday’s session generated a higher, narrower Value Area but entirely above 1446 (1/2R off September high).  That’s encouraging.  Further strength would be implied if ES can print some time above that level – maybe enough to pull the minor poc (currently at 1435) higher.   Nearly all […]

posted 05.50 a.m. et pre-open comment Thursday 4th October Note: this was written at 05.45 a.m. et Wednesday’s low was early in the session at 1435.50 – our First Level Support being 1435.00.  The Value Area was higher and slightly wider.  Obvious Support at a poc is encouraging in the ST.  Further sign of strength […]

posted 9.16 a.m. et pre-open comment Wednesday 3rd October Tuesday’s high was early in the session at 1446, our First Level Resistance. ES then sold off to probe below First Level Support at 1435 before recovering late in the session.  Pre-open ES has been printing above 1440.  I remain of the view that Effective Buying […]

posted 09.10 a.m. et pre-open comment Tuesday 2nd October On Monday Sellers Responded to an early probe above the 1446 First Level Resistance and price was auctioned back to First Level Support at 1435, the 35dy poc. That level held overnight and pre-open ES has been back up to test 1446 again which is the […]

posted 9.00 a.m. et pre-open comment Monday 1st October Last week I marked Significant Buying twice and Significant Selling once.  Friday closed within Mon-Wed Hi-Lo Range so there was no bias on this timeframe.  The composite Value Area for the week as a whole was lower than the previous week so Buying activity last week […]

posted 9.06 a.m. et pre-open comment Friday 28th September Repeating what I wrote pre-open Wednesday – You can see on the chart that Significant Buyers and Sellers have both been active recently.  There is a struggle for control of the dayframe – this continues to be the case.  On Thursday I marked Aggressive Buying but […]

posted 6.27 a.m. pre-open comment Thursday 27th September Note: this written at 6.25 a.m. et Wednesday’s session generated a lower, narrower Value Area on less volume.  The most recent imbalance was Selling (red) on Tuesday which means new long trades are eliminated for me.  I am concerned that ES is printing below the 1435poc and […]

posted 9.11 a.m. et pre-open comment Wednesday 26th September You can see on the chart that Significant Buyers and Sellers have both been active recently.  There is a struggle for control of the dayframe and if Significant Selling is marked below the 20dy poc at 1435 this will likely indicate the next directional move in […]