posted 09.10 a.m. est pre-open comment Friday 19th April Thursday generated a lower/overlapping Value Area on less Volume.  The high of the session was a test of the 5mn poc at 1548.50 which was immediately rejected.  That usually has negative implications so Bulls would definitely want to see time printed above that level as quickly […]

posted 09.23 a.m. pre-open comment Wednesday 17th April On Wednesday, Monday’s red-at-bottom low was tested as the stats strongly suggested it would be, see yesterday’s comments.  Bulls would hope that ES can hold above the 5month poc at 1548.50 and the breadth numbers improve. I also want to see Significant Buyers (green) marked before considering […]

posted 09.15 a.m. est pre-open comment Wednesday 17th April The positive from yesteday’s session is that Support held: ES 1548.50, SPY 155.80 and IWM 90.44. The ST negatives are still there: Monday’s red-at-bottom low was not tested and 80% of the time they are tested within a day or two, however, if ES can print […]

posted 09.08 a.m. est pre-open comment Tuesday 16th April Not a good day.  Weakness from the Open with First Level Resistance not tested at all during the session. Aggressive Selling (red-at-bottom) was marked and the Value Area was lower and wider so this is Effective Selling.  New long trades are eliminated for me at least […]

posted 09.20 a.m. est pre-open comment Monday 15th April Last week I marked Significant Buying twice (Monday and Tuesday) and no Significant Selling.  The last three days held higher prices which is encouraging but here are some negatives.  The minor pattern of Support off previous day’s poc was broken on Friday; there is a negative […]

posted 09.02 a.m. est pre-open comment Friday 12th April Value Areas have been higher each day this week and no Significant selling has been marked.  Both ST and LT analysis are positive.  Dayframe: 5day poc is at 1582.50.  This is a very minor level but the best we have at these levels and is potential […]

posted 09.22 a.m. est pre-open comment Thursday 11th April Following Aggressive Buying on Monday and Tuesday ES pushed higher to a new high.    Notice that the dotted poc from the previous day was immediate Support.  You can see that the session poc each day this week has not been tested in the following session.  Sign […]

posted 09.25 a.m. est pre-open comment Wednesday 10th April Aggressive Buying (green-at-top) was marked again on Tuesday.  The session generated a higher, wider Value Area, entirely above the 5mn poc at 1548.50 so this is Effective Buying. Dayframe: the very minor (4day) poc at 1561 is dayframe Support and that has been the overnight low. […]

posted 09.23 a.m. est pre-open comment Tuesday 9th April See yesterday’s highlighted comments.  In the early part of Monday’s session ES was capped upside by the 1548.50 poc level.  In the p.m. ES was auctioned above this level and Aggressive Buying (green-at-top) was marked.  Short trades are now eliminated for me at least until Significant […]

posted 09.12 a.m. est pre-open comment Monday 8th April ES was auctioned back up to First Level Resistance at 1549 through Friday’s session but even so the Value Area was lower and wider.  The most recent imbalance was Wednesday’s Aggressive Selling so before considering the long side I need to see Buyers marked again and […]