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: […]

posted 9.13 a.m. est Pre-open comment Monday 24th January Early in Friday’s session there was a probe above the 8day VAH at 1285.50 (quoted pre-open) which was rejected.  The 8day Value Area High and Low have provided consistently good reference levels in the ST recently so I will continue to monitor them.  They are currently […]

posted 9.25 a.m. est Pre-open comment Friday 21st January Thursday’s low came in at exactly the 1267.50 Support and the session high just below the First Level S/R at 1281.50 – both given pre-open.  Support and Resistance levels remain the same for today, the 1281.50 poc has not migrated lower.  Pre-open ES prints just above […]

posted 9.28 a.m. est Pre-open comment Thursday 20th January Significant Selling was marked on Wednesday for the first time since mid December.  Tuesday’s green-at-top high was not tested, instead Responsive Sellers entered from the open with further Aggressive Selling being marked later in the session.  The Value Area was lower, wider and volume was well […]