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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

posted 9.06 a.m. et pre-open comment Friday 4th May On Thursday I marked Responsive Selling (red-at-top) and Aggressive Selling (red-at-bottom).  New long trades are now eliminated for me until I mark Significant Buying (green).  Thirty minutes pre-open ES is printing below its 1/2R off the March high (1386) as are SPY, IWM and QQQ.  Only […]

posted 9.21 a.m. et pre-open comment Thursday 3rd May ES has printed consistently in the price area around 1395 but not enough yet to lift the 4month poc to this level. Please read Tuesday’s comments (highlighted on graphic). The 2month VAH is still at 1404 (dotted). The index ETFs are now printing above their 1/2R […]

posted 9.19 a.m. et pre-open comment Wednesday 2nd May ES spiked as high as 1411.75 early in Tuesday’s session, came weaker to the close and overnight and pre-open prints back in the price area around 1395, the 2month poc.  Please read yesterday’s comments (highlighted on graphic). Re the 1/2R levels off March high.  Pre-open IWN […]

posted 9.21 a.m. et. pre-open comment Tuesday 1st May Monday’s session was spent in a tight range centred around 1393. 1395 was rejected on the Open but the 1/2R Support at 1386 was not tested (important for Bulls that this level holds).  A little more time around 1395 would lift the 4month poc up to […]