posted 06.15 a.m. est pre-open comment Thursday 21st March Note: this was posted at 6.15 a.m. est. Wednesday’s session low held yesterday’s First Level Support at 1547.  That poc has moved slightly higher to 1549 and that level is potential intraday Support or Resistance today.  ES probed the minor VAH at 1554 but this was […]

posted 08.40 a.m. est pre-open comment Wednesday 20th March Tuesday’s Value Area was generated entirely below 1547 but ES recovered and pre-open has printed back above that poc, as high as 1552.75.  First sign of ST weakness would be Significant Selling marked below 1547.  That level is potential intraday Support or Resistance today.   Using data […]

posted 08.12 a.m. est pre-open comment Tuesday 19th March See Monday’s pre-open comments highlighted on graphic.  ES opened on Monday below the minor poc at 1543 (dotted) and Responsive Buyers entered immediately to rally the chart back above that level.  That is encouraging for Bulls.  There was an intraday higher low just above that level […]

posted 08.05 a.m. est pre-open comment Monday 18th March Last week I marked Significant Buying twice and no Significant Selling.  Effective Selling has not been not marked since mid December.  First minor sign of weakness would be Significant Selling marked below 1543 (now the 20day poc).  First sign of weakness on the longer timeframe would […]

posted 09.05 a.m. est pre-open comment Friday 15th March Thursday’s session gapped higher generating a higher, naorrower Value Area on less Volume. Significant Sellers are still absent. First minor sign of weakness would be Significant Selling marked below 1543, the 11day poc. First sign of weakness on the longer timeframe would be Significant Selling marked […]

posted 09.06 a.m. est pre-open comment Thursday 14th March I marked Aggressive Buying (green-at-top) on Wednesday.  Significant Sellers are still absent.  First minor sign of weakness would be Significant Selling marked below 1543, the 10day poc.  First sign of weakness on the longer timeframe would be Significant Selling marked below 1517.50, the 3mn poc.   […]

posted 09.05 a.m. est pre-open comment Wednesday 13th March Monday’s green-at-top high was tested (as they are 80% of the time) but in this case the test was rejected and ES generated a lower/overlapping Value Area by the end of the session.  Significant Sellers were not marked.  First minor sign of weakness would be Significant […]

posted 08.57 a.m. est pre-open comment Tuesday 12th March Aggressive Buying (green-at-top) was marked on Monday.  Value Area was higher and wider so this is Effective Buying.  Significant Selling has not been marked for ten days and Effective Selling has not been marked since mid December.   First Level Support = ES 1517.50 (3mn poc) […]

posted 09.05 a.m. est pre-open comment Monday 11th March Friday closed above Mon-Wed range high which indicates Buyers Active on the weekly timeframe.  I marked Significant Buying once last week and no Significant Selling. Higher prices have not yet attracted a markable Response from the Sellers.  “Effective” Selling marked below 1517.50 would be the first […]

posted 09.18 a.m. est pre-open comment Friday 8th March Thursday printed another narrow but higher VA on decreased Volume.  The last three Value Areas have printed above the 1517.50 poc which is strong price location (see highlighted comments from last week).  Most recent imbalance is Buying (green) on this chart, higher prices have not yet […]