posted 9.25 a.m. est Pre-open Tuesday 20th July Yesterday I suggested ES would quite likely probe down to potential support at 1050/1051 (see highlighted above).  Pre-open low is 1050.75.  Dayframe: ES printing below 1050 puts it in a ST weak price location. First Level Resistance today is 1066 which is the 10dyPoc. As I said […]

posted 9.28 a.m. est Pre-open Monday 19th July You can see from the chart that last week ES attempted three probes into the 1094 Major Poc all of which were were rejected.  Following that third rejection Sellers were marked on Friday aggressively auctioning ES lower – quite likely to probe the low of the 3month […]

posted 9.29 a.m. est Pre-open Friday 16th July Thursday: Once again the 1094 Major Poc was difficult resistance for ES. That’s the third consecutive day – see chart.  And again pre-open today a price probe into that poc has been rejected – ES currently 1086. Significant Buyers responded after the gap was filled. ES rallied […]

posted 9.28 a.m. est Pre-open Thursday 14th July Wednesday’s session (like Tuesday’s) probed up into the Major poc at 1094 and found resistance – see chart, but no Significant Selling to mark.  1094 is the most important level to monitor. Wednesday: Overlapping Value Area on below-average volume. Above 1094, the 1/2R off the April high […]

posted 9.24 a.m. est Pre-open Wednesday 14th July Tuesday’s day session high probed up into the Major poc at 1094.  This is the most important level to monitor. There was a day session gap up to open.  Value Area was higher but last three days VAs have been narrow which often indicates a loss of […]

posted 9.29 a.m. est Pre-open Tuesday 13th July As ES approached the 3month poc at 1073 it has slowed – note the narrowing Value Areas. But 1073 has not been obvious resistance – in fact on Monday ES built the poc further, see chart.  So the Aggressive Buying in the dayframe has been Responsive in […]

posted 9.23 a.m. est Pre-open Monday 12th July Significant Buyers were active last week aggressively auctioning ES higher – to the frustration of those who cut longs or took short positions when the SP500 broke 1040. Friday closed  near the high of the week. Longframe: Long positions are eliminated for me – the CP Market […]

posted 7.35 a.m. est Pre-open Friday 9th July Thursday saw some weakness following a stronger open but there was no follow through downside.  ES closed strong after a p.m. rally.   First Level Resistance is 1073 (poc).  This may be a problem but if ES can consolidate above that level then I would expect continuation […]

posted 9.28 a.m. est Pre-open Thursday 7th July All of Wednesday’s session took place above the First Level S/R at 1023 (5day poc). Aggressive Buyers (green-at-top) auctioned ES higher and pre-open ES has printed as high as 1066.  Strictly applying my own rules yesterday’s Buying was not Effective (higher but narrower Vaule Area) however my […]

posted 8.15 a.m. est Pre-open Wednesday 7th July On Tuesday, following a positive opening, Significant Sellers Responded early in the session and auctioned ES quickly back to the 1023 minor poc. Price action is still weak suggesting the market has not gone low enough to find a convincing response from the Buyers.  Dayframe: Maybe a […]