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 […]

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 […]