posted 9.28 a.m. est Pre-open Monday 15th November Friday’s high was just below First Level Resistance (1210). The last three trading sessions have found resistance at, or below, the previous day’s poc.  I marked Aggressive Selling (red-at-bottom) on Friday for the second time in a week.  This is also the first time I can classify […]

posted 9.28 a.m. est Pre-open Friday 12th November Wednesday and Thursday sessions were spent mostly working higher from weaker openings but the Value Areas were lower/overlapping.  That is not normally bullish in the ST.  Overnight ES has been as low as 1193 but has rallied back as high as 1207.50. dayframe: The very minor poc […]

posted 9.27 a.m. est Pre-open Thursday 11th November After an early probe lower ES spent most of the session rallying.  Even so, the Value Area was overlapping/lower.  The cumulative poc of this higher range is still 1218 and that remains First Level S/R.  1212 has been an attractive level and time spent there or below […]

posted 9.26 a.m. est Pre-open Wednesday 10th November Tuesday saw Sellers Responding (red-at-top) as ES tested last week’s high early in the session.  Previous Responsive Selling tails (around 1190) were negated by subsequent Aggressive Buying imbalances and we can say that should 1224 also be “accepted” then once again that would be a bullish indication.  […]

posted 9.29 a.m. Pre-open Tuesday 9th November Three days of consolidation at higher level with poc at 1218.  No Buying Imbalances marked – Responsive Sellers have had an opportunity here which they have not yet  taken. First Level S/R: 1218 (9dy poc) More important Support: 1178 poc ST Sentiment: My version of the Rydex Assets […]

posted 9.27 a.m. est Pre-open Monday 8th November Last week I marked two instances of Significant Buying and one of Significant Selling.  In the week ended 29th October there were two Responsive Selling imbalances just above 1190 but price at this level was accepted last week with Tuesday/Wednesday printing Value Areas in that region.  That […]

posted 9.27 a.m. est Pre-open Friday 5th November Thursday session gapped up and held the higher levels with a strong close.  Even in the minor timeframe ES is still finding support at the first, obvious levels – i.e. 1178 on Wednesday and pre-open today at yesterday’s poc (see below). Dayframe: Micro S/R = 1213 (dotted).  […]

posted 9.28 a.m. est Pre-open Thursday 4th November Wednesday’s Value Area was overlapping/wider and once again held in the area of 1190 which was the level that previously attracted Responsive Selling.  A volatile day (although not so much as some were expecting).  There was a probe down to just above the First Level Support at […]

posted 9.28 a.m. est Pre-open Wednesday 3rd November Tuesday’s Value Area was very narrow but held in the area of 1190 which was the level that previously attracted Responsive Selling.  Acceptance at this higher level would usually be a bullish indication but let’s be honest the market is marking time here ahead of the announcement […]

posted 9.27 a.m. est Pre-open Tuesday 2nd November On Monday I marked Responsive Selling (red-at-top) again above 1190.  There was a probe below the 1178 poc in the p.m. but a late rally closed it back above that important level.  Dayframe: Pre-open today ES has once again probed above 1190 –  acceptance (time) above that […]