posted 9.28 a.m. et pre-open comment Friday 18th May On Thursday I marked Aggressive Selling (red-at-bottom) for the third consecutive day. Red-at-bottom lows usually get tested quickly, as Tuesday’s and Wednesday’s were, but three days in a row will often mark at least a temporary exhaustion so maybe the test won’t happen today . However […]
S&P 500 emini pre-open Thursday 17th May
posted 9.28 a.m. et pre-open comment Thursday 17th May On Wednesday I marked Aggressive Selling (red-at-bottom) again. As I said yesterday Red-at-bottom lows usually get tested pretty quickly, as Tuesday’s now has been. Overnight ES has printed as low as 1316, just above poc Support. The first minor sign of strength on the dayframe would […]
S&P 500 emini pre-open Wednesday 16th May
posted 9.24 a.m. et pre-open comment Wednesday 16th May On Tuesday I marked Aggressive Selling (red-at-bottom), however the Value Area was overlapping the previous VA rather than obviously lower so this was not Effective Selling. Red-at-bottom lows usually get tested pretty quickly but if there is a pause here price around 1334/35 may become attractive. […]
S&P 500 emini pre-open Tuesday 15th May
posted 9.19 a.m. et pre-open comment Tuesday 15th May Difficult to find anything positive to say. Significant Sellers have not been marked for six days and yet ES is lower and still no response from the Significant Buyers (see Monday’s comments). First Level Resistance = 1366 (4month poc) Sentiment: I’ve said that my version of […]
S&P 500 emini pre-open Monday 14th May
posted 9.26 a.m. et pre-open comment Monday 14th May I did not mark Significant Selling at all last week so the Buyers were given plenty of opportunity to Respond but they did not. That’s not encouraging. And, the last four Value Areas were printed entirely below the 1366poc which as I have said, is weak […]
S&P 500 emini pre-open Friday 11th May
posted 9.23 a.m. et pre-open comment Friday 11th May Once again there is little comment to add. This week ES has printed three Value Areas entirely below 1366, the maj poc. This is weak price location. unless the chart recovers quickly back above that level there is the strong possibility of further weakness here. Clue […]
S&P 500 emini pre-open Thursday 10th May
posted 9.19 a.m. et pre-open comment Thursday 10th May There is little to add today to previous comments. ES printing below the 1366poc is weak price location. First minor sign of strength would be time spent above 1366 but I will not consider long positions unless Significant Buying is marked above that level. First […]
S&P 500 emini pre-open Wednesday 9th May
posted 9.28 a.m et pre-open comment Wednesday 9th May One of the real concerns is the lack of major Support for ES around current levels. The next significant poc Support on the Daily Chart is down at 1313. ES is currently printing below the 1366 poc which is weak price location. There may be further […]
S&P 500 emini pre-open Tuesday 8th May
posted 9.26 a.m. et pre-open comment Tuesday 8th May For the reassons mentioned over the last few days I remain very cautious here, see highlighted comments on graphic. Overnight ES probed up into the 1366 poc but pre-open is printing 1358. Price above 1366 would be the first minor sign of strength but only Significant […]
S&P 500 emini pre-open Monday 7th May
posted 9.05 a.m. et pre-open comment Monday 7th May Last week I marked Significant Selling three times and no Significant Buying. On Friday Aggressive Selling was marked on a day weak enough to test the 1366 poc. Pre-open today ES has printed below the April lows and currently prints below 1366 which is now First […]
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