posted 07.12 a.m. est pre-open comment Monday 17th December Last week I marked Significant Selling twice and no Significant Buying.  So Sellers were active but in the longer timeframe their activity can be called Responsive as it took place above the maj poc at 1406 with price action generally higher than the previous week and […]

posted 08.55 a.m. est pre-open comment Friday 14th December On Thursday I marked Aggressive Selling for the second day running.  As you know these red-at-bottom lows have a high chance of being tested during the following session. Thursday’s Value Area was lower and wider which is Effective Selling in the dayframe (see yesterday’s comments).  In […]

posted 9.18 a.m. est pre-open comment Thursday 13th December Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Wednesday. This was not Effective Selling as the Value Area was overlapping/higher and wider than previous day but it eliminates new long trades for me at least until Significant Buying is marked again. In […]

posted 9.15 a.m. est pre-open comment Wednesday 12th December On Tuesday ES Opened above the 12mn VAH and Sellers did not Respond as they did on 12/03 (see yesterday’s comments).  There is no obvious Resistance level but the 6mn VAH comes in at 1442.  Potentially a volatile day for the market with the FED data […]

posted 9.25 a.m. est pre-open comment Tuesday 11th December We now have three consecutive Value Areas printed above 1406 since the major poc migrated to that level.  Significant Buying marked above that level would be a further positive.  Monday’s VA was generated above the 12mn VAH and acceptance at/above this level would be a positive.  […]

posted 9.16 a.m. est pre-open comment Monday 10th December Last week I marked Significant Selling twice and Significant Buying once.  Sellers Responded early in the week to a probe above the 12 month VAH at 1416 and then subsequently Buyers Responded exactly at 1397 which was at that time the major poc.  However the major […]

posted 9.20 a.m. est pre-open comment Friday 7th December Thursday generated an inside Value Area on low Volume. High of the session came in at our First Level Resistance. On a 30minute basis the major poc (and 50dy poc) migrated to 1406 and now price relative to that level is important.  Following jobs data released […]

posted 9.17 a.m. est pre-open comment Thursday 6th December Buyers Responded (green-at-bottom) on Wednesday at exactly yesterday’s First Level Support which is the 1397 major poc.  ES was then auctioned higher to probe yesterday’s First Level Resistance which is the 1413.50 (50dy poc). An overlapping, higher Value Area was generated on increased Volume.  Yesterday’s Significant […]

posted 9.27 a.m. est pre-open comment Wednesday 5th December Tuesday’s session generated a lower, narrower Value Area. No Significant Buying or Selling was marked. Little to add to Tuesday’s comments (highlighted). See also Supporting Charts section below. First Level Resistance = ES 1413.50 (50dy poc) Potential intraday S/R = ES 1408 (6mn poc) First Level […]

posted 9.55 a.m. est pre-open comment Tuesday 4th December On Monday I marked both Responsive and Aggressive Selling.  The Value Area was overlapping so this cannot be called Effective Selling, even so, new Long trades are now eliminated for me at least until Significant Buying is marked again. Yesterday’s price action took place above the […]