posted 6.05 a.m. est Pre-open Thursday 6th May Applying my rules very strictly I have to mark active Significant Buyers yesterday – but only just.  They Responded to a probe below the 1161.50 support.  Problem I have is that my #1 dayframe rule says I cannot now be short in this timeframe until Sellers are […]

posted 9.10 a.m. est Pre-open Wednesday 5th May Early in Tuesday’s session ES consolidated below the 1183.50 poc and then fell quickly towards the next level of support at 1161.50 (see Monday’s pre-open comment).  Pre-open today ES has edged down closer to that level reaching a low of 1162.50 as I write.  If the support […]

posted 8.55 a.m. est Pre-open Tuesday 4th May Yesterday’s comments are relevant. First Level Support at 1183.50 and First Level Resistance at 1202.5 pretty much capped the low and high on Monday so there was no clue to the strength of directional conviction from Buyers or Sellers.  Note that on Tuesday and Friday last week […]

posted 9.30 a.m. est Pre-open Monday 3rd May Last week I marked two instances of Significant Selling and no Significant Buying. This was the first Significant Selling in six weeks. As noted pre-open Friday, the poc (from the start of April) migrated to 1202.50.  Early in Friday’s session ES formed a lower intraday high at […]

posted 9.27 a.m. est Pre-open Friday 30th April Thursday’s Value Area was higher and narrower on reduced Volume.  Support (1/2R off Monday’s high) held shortly after the open and ES rallied from there.  The poc from the start of April has moved to 1202.50 and that is the First Level S/R today. Dayframe: The last […]

posted 9.25 a.m. est Pre-open Thursday 29th April Wednesday’s Value Area was overlapping/lower and narrower. Volume was less than Tuesday but still well above the 20dy average. Dayframe: If ES is going higher in the ST then the 1/2R from Monday’s high at 1196.50 (dotted) will likely provide support at some point on the intraday […]

posted 9.28 a.m. est Pre-open Wednesday 28th April Tuesday’s Value Area was lower and wider and volume was high.  I marked Significant Selling for the first time in nearly six weeks.  Initially there was support at 1183.50 but later in the day Sellers Aggressively (red-at-bottom) auctioned ES below that support. My #1 dayframe rule says […]

posted 9.26 a.m. est Pre-open Tuesday 27th April Monday’s Value Area was higher and narrower generating less volume. ES looks set to open below 1205 – I’ll be interested to see if ES can recover this level quickly or if it  becomes resistance.  My #1 dayframe rule says “never fade the last imbalance” so that […]

posted 9.22 a.m. est Pre-open Monday 26th April Last week I marked Significant Buying six times and no Significant Selling.  The Buyers continue to dominate; e.g. on Thursday they responded aggressively when price tested 1186.50, which was the low of the Value Area of the current range (since the market came higher on Monday 12th […]

posted 9.30 a.m. est Pre-open Friday 23rd April On Thursday Significant Buyers Responded (green-at-bottom) above 1183.50 and Aggressively auctioned ES higher (green-at-top) to test First Level Resistance at 1204. Since 9th April this chart has been marked with Buying Activity (green) nine times.  One interpretation is that although they have been very active the Buyers […]