posted 9.29 a.m. est Pre-open comment Wednesday 19th January Buyers have been very active.  I have marked four instances of Significant Buying in four days.  On Tuesday I marked Aggressive Buying as ES pushed to a new high.  Stats suggest that yesterday’s green-at-top high (1295) is likely to be tested.  This will most likely be […]

poested 9.25 a.m. est Pre-open comment Tuesday 18th January All Major Market Timing Charts are still positive.  Friday closed the week strong on the high (Monday was the low day of the week). This affirms the strong Weekly Price Structure.  I marked Significant Buying twice on Friday.  Buyers Responded eagerly to a minor opportunity early […]

posted 9.24 a.m. est Pre-open comment Friday 14th January Thursday’s session further consolidated the gain made on Wednesday with an overlapping Value Area.  Still no Significant Sellers marked.   First Level Resistance = 1281.50 (8day poc). First Level Support = 1267.50 (15day poc) LT Sentiment: AAII (public) poll %Bulls was down to 52.3 and the […]

posted 9.26 a.m. est Pre-open comment Thursday 13th January Wednesday’s session gapped opened higher and consolidated the gain with a higher Value Area.  Although the reliability of my stats are distorted by gaps Aggressive Buying was marked which suggests that yesterday’s green-at-top high of 1285.50 will be tested.   First Level S/R = 1281.50 (Wednesday […]

posted 9.22 a.m. est Pre-open comment Wednesday 12th January On Tuesday there was a brief (less than 15minutes) probe below First Level Support (1267.50) down to Monday’s poc.  Following intraday support at that level (see chart) which implied ST strength, ES rallied.  Value Area was higher and overnight has printed above 1280.  No weakness detected […]

posted 9.23 a.m. est Pre-open comment Tuesday 11th January Monday’s session high came in at 1268, just below the First Level Resistance at 1268.50.  Overnight the 30minute charts found resistance three times at exactly 1268.50 but the fourth attempt was a successful break and pre-open ES prints above 1270.  This puts the chart in a […]

posted 9.22 a.m. est Pre-open comment Monday 10th January Early in Friday’s session ES fell below First Level S/R at 1268.50.  There was a rally in the afternoon which tested up into this level (see chart) but since that point ES has not printed above 1268.50 which is First Level Resistance at the start of […]

posted 9.29 a.m. est Pre-open comment Friday 7th January Buyers rested as Thursday’s “inside” Value Area overlapped and consolidated Wednesday’s .  Following pre-open numbers ES printed as low as 1264.50 but has subsequently rallied back up as high as 1272.50, putting it back in a stronger ST price location above the 5day poc at 1268.50. […]

posted 9.18 a.m. est Pre-open comment Thursday 6th January Significant Buying was marked on Wednesday.  Buyers Responded early in the session to minor opportunity (probe below 3day VAL).   Buyers have been very active.  I have marked seven instances of Significant Buying in the last fourteen days and no Significant Selling. First Level S/R = 1271.50 […]

posted 9.29 a.m. est Pre-open comment Wednesday 5th January Overnight ES has printed as low as 1255.75, not as low as the 30day poc support at 1254.  ES printing value below 1254 would indicate further weakness in the ST.  I will assume higher until that happens. First Level Resistance = 1265.0 (minor poc) First Level Support […]