posted 5.25 a.m. est Pre-open Tuesday 3rd August Monday’s session was above the First Level S/R at 1108.  1123 target was reached.  ES gapped higher on Monday. I have marked no Significant Selling and most indices now print above their 1/2R off the April high levels which put them in a strong position. If Responsive […]

posted 9.26 a.m. est Pre-open Monday 2nd August Following the Selling marked on Wednesday and Thursday last week I said (pre-open Friday).. “we now need very strong evidence before looking at the long side.  An early response from the Buyers in today’s session and some value (time) being printed back above the major poc at […]

posted 9.28 a.m. est Pre-open Friday 30th July Significant Sellers were active again on Wednesday, Responding (red-at-top) to an early probe above Tuesday’s VA.  Selling pressure continued through the a.m. taking out the previous day’s low as the stats suggested.   I’d said that Wednesday’s action looked like “Buyers Resting to me, forcing a response from […]

posted 9.28 a.m. est Pre-open Thursday 29th July I marked Aggressive Selling on Wednesday (red-at-bottom).  As I never fade the last imbalance this means I cannot now initiate new longs.  Stats suggest there’s a strong chance that Wednesday’s low will be tested today and if ES finds it hard to print above 1108 early in […]

posted 9.29 a.m. est Pre-open Wednesday 28th July In the webcast this week I showed the three month price distribution chart for ES. The Value Area Low came in at 1052 and the Value Area High came in at 1114.  Obviously the range of the Value Area changes over time but currently ES is probing […]

posted 9.28 a.m. est Pre-open Tuesday 27th July Significant Buyers were marked again on Monday, Aggressively auctioning ES higher.  Pre-open today ES has been as high as 118.75. First Level support is Mondays poc at 1108. ST Sentiment: My version of the Rydex Assets Ratio fell slightly on Monday to 1.06 (down from 1.22).   The […]

posted 9.15 a.m. est Pre-open Monday 26th July Last week I marked three instances of Significant Buying and one of Significant Selling.  On Tuesday there was a probe of the 3month Value Area Low which met with Responsive Buying.  Buyers were marked twice more Aggressively auctioning ES back to once again probe the major poc […]

posted 9.28 a.m. est Pre-open Friday 23rd July Thursday’s session generated a higher, narrower Value Area on reduced (and below average) volume.  Once again the high of the day was a probe into the major poc at 1094.  Pre-open today there has been another probe into that level but not above, ES currently prints at […]

posted 9.29 a.m. est Pre-open Thursday 22nd July Responsive Sellers were marked on Wednesday.  Both the Significant Buyers and Sellers are active at the moment, see chart, this often happens at the centre of a distribution.  I have noted that the 10dy poc has emerged at 1066.  In fact this is the centre of the […]

posted 9.29 a.m. est Pre-open Wednesday 21st July A probe down into the support zone 1050/1051 (mentioned pre-open Monday) found a Response from the Buyers (green-at-bottom). In fact about an hour before open yesterday there was a price probe down to 1050.75, exactly within that support.  Significant Buyers were active again later in the day […]