posted 9.18 a.m. est Pre-open comment Monday 6th December Thursday’s green-at-top high was exceeded on Friday as ES closed strong for the week.  This pattern of relative weakness early in the week and relative strength late in the week is usually bullish. I marked one instance of Significant Buying last week and no Significant Selling. […]

posted 9.28 a.m. est Pre-open comment Friday 3rd December Aggressive Buying (green-at-top) was marked on Thursday.  That’s the first Significant Buying marked since 3rd November and means that short trades are eliminated for me until Significant Selling is marked again.  Green-at-top highs are usually (80% of the time) tested within a day or two.   The […]

posted 9.29 a.m. est Pre-open comment Thursday 2nd December ES gapped up on Wednesday (I hate gaps) above the 1/2R off November high (dashed) and held through the session.  This puts ES in a stronger price location if it holds.  Have still not marked Significant Buying activity. First Level Support 1/2R off November high, 1197.75 ST […]

posted 9.21 a.m. est Pre-open comment Wednesday 1st December Intraday support at 1178 early on Tuesday was looking positive for ES until late in the session saw a decline back to the same level. Pre-open today ES has probed as high as 1191.75 with the dollar a little weaker. Long trades are still eliminated for me […]

posted 9.29 a.m. est Pre-open comment Tuesday 30th November Monday began the week lower, building the 1178 poc.   An afternoon rally saw ES higher to Friday’s poc at 1189/90 (dotted) where it met resistance.  This level was also the minor 1/2R off the 11/16 low so doubly important. Pre-open today ES has been as low […]

posted 9.24 a.m. est Pre-open comment Monday 29th November The only imbalance I only marked last week was the Significant Selling (red-at-bottom) on Friday although this was in a shortened session on very light volume.  The Buyers had been given opportunity to appear for eight sessions following the Effective Selling marked on 12th November but […]

posted 8.41 a.m. est Pre-open comment Friday 26th November Wednesday session high came in at 1197, just above the Resistance given which was the 1196.50 minor poc.  Pre-open today ES has printed as low 1182.50. First Level Resistance moves to 1195 which is now the 15day poc. First Level Support = 1178 (4month poc) If […]

posted 9.28 a.m. est Pre-open comment Wednesday 24th November pre-open yesterday >>If ES is weak then 1188.50-1189.50 would be the obvious area of Resistance today.  That’s the 1/2R off last Tuesday’s low and the 6dy poc.<< During Tuesday’s session that level was never approached but pre-open today ES probed up and tested it without too […]

posted 9.28 a.m. est Pre-open comment Tuesday 23rd November Yesterday’s First Level S/R at 1197/98 proved resistance. When obvious levels provide resistance rather than support it indicates the ST bias is down.  That area of price has been a problem for ES for the last threee sessions. The most recent imbalance was Aggressive Selling (red-at-bottom) […]

posted 9.26 a.m. est Pre-open comment Monday 22nd November As noted last week: on Tuesday (10/16) the 4month poc migrated higher to 1178.  This is not necessarily bullish.  It depends on subsequent price action relative to that poc.   Effective Buying marked above 1178 would be a sign of strength confirmed by Value being printed above 1197.5 […]