posted 9.20 a.m. est Pre-open comment Monday 7th February from Friday pre-open “The minor poc has yet to migrate higher but a little more time at 1302/03 would do it”. During Friday’s session, more time was spent at 1302/03 which lifted the minor poc and triggered higher prices (see Thursday’s comments).   Overnight ES has been […]

posted 9.29 a.m. est Pre-open comment Friday 4th February ES tested down into First Level Support on Thursday and quickly came back (see highlighted comments from yesterday).  I marked Responsive and Aggressive Buying.  Thursday price action lifted the 8dayVAH to 1304.5.  The minor poc has yet to migrate higher but a little more time at […]

posted 9.29 a.m. est Wednesday was a tight range day on low volume (notice the distribution was backing and filling Tuesday’s).  These inside, quiet days have a tendency to preceed directional days.  On intraday charts you will find these kind of situations when the 60minute bollinger bands get very squeezed (as they are now).  ES […]

posted 9.29 a.m. est Pre-open comment Wednesday 2nd February On Tuesday I marked Significant Buying.  This was on a gap day higher which gives me less reliable stats but it would be highly unusual to see a green-at-top day marking a high of any significance – so I assume that high will be tested in […]

posted 9.29 a.m. est Pre-open comment Tuesday 1st February Although the stats are not as strong for a Friday (I have mentioned this before ) red-at-bottom lows are usually tested on the following day.   Friday’s low was tested overnight Sunday but there was no follow through in Monday’s session below the 1267.50 overnight low (this […]

posted 9.29 a.m. est Pre-open comment Monday 31st January Friday: Sellers Responded on Friday as the SP500 index opened above 1300 for the first time since Sept 2008.  Very little time was spent above ES First Level Support at 1293 and Second Level Support at 1281.50 failed as well.  Aggressive Selling was also marked and […]

posted 9.29 a.m. est Pre-open comment Friday 28th January Dayframe: I said pre-open on Thursday that we “may well see more consolidation as ES is up into the 8dayVAH which has slowed price recently”.  ES did in fact consolidate further, printing an overlapping Value Area which has lifted the 10day poc to 1293.  That is […]

posted 18.50 est 01/26.  Unable to produce pre-open comment for Thursday so posting this not long after Wednesday’s close. ES reached a new high on Wednesday and the Value Area, although narrow, gapped higher and held above the level that Responsive Sellers stepped in a week ago (red-at-top last Wednesday).  Dayframe: Acceptance at a higher level like […]

posted 9.28 a.m. est Pre-open comment Wednesday 26th January Tuesday’s 8dayVAH was at 1288 and once again this capped the upside during the session.  The 8dayVAH moves up to 1292 for today and 8dayVAL to 1278.  These dynamic (they move) levels have been useful recently and may continue to be if the poc stays at […]

posted 9.28 a.m. est Pre-open comment Tuesday 25th January Monday printed some time above the 1281.50 poc which is a positive in the ST but once again a probe above 8dayVAH at 1288 (dotted) capped the upside during the session.  Overnight ES has been higher but pre-open is looking to test the 1281.50 poc. Dayframe: […]