posted 8.15 a.m. est Pre-open Thursday 22nd April Very interesting session on Wednesday.  The low was exactly on yesterday’s First Level S/R at 1195 (dotted).   However, during the session the minor poc (10day) migrated higher to 1204 and overnight ES has rallied back to test that level and found resistance.  Since then ES has fallen […]

posted 9.25 a.m. est Pre-open Wednesday 21st April Tuesday’s Value Area was higher and narrow generating less volume.   The 9day poc has settled at 1195 which is also exactly 1/2R from last Thursday’s high and is therefore First Level S/R today.  Too much Significant Buying (green) to consider the short side. Dayframe: Supporting charts and […]

posted 9.28 a.m. est Pre-open Tuesday 20th April I marked Significant Buyers twice on Monday,  Responding (green-at-bottom) to a probe below the 15day poc at 1183.50 and later in the day Aggressively (green-at-top) auctioning ES to a strong close.   The Value Area was overlapping/lower on reduced (but above average) volume so this was not Effective […]

posted 9.27 a.m. est Pre-open Monday 19th April From last week’s ebook “let’s assume higher until price gives us an indication of weakness. Marking Significant Sellers on the ES profile below 1183.50 would be a start.” 1183.50 is now the 15day poc and is again First Level S/R at the start of this week. Since […]

posted 9.28 a.m. est Pre-open Friday 16th April First Level S/R is the 5day poc at 1195. Wednesday’s green-at-top high was exceeded as expected but there’s too much  complacency and a lot of public Bulls (see below).  I’m staying bullish for now as there is still no sign of the Significant Sellers but becoming increasingly […]

posted 9.28 a.m. est Pre-open Thursday 15th April Significant Buyers were active again on Wednesday, Aggressively (green-at-top) auctioning ES to a new high.  The high of a green-at-top day is tested during the following session 80% of the time.  Still no Response from the Sellers. First Level S/R is the very minor 4day poc at […]

posted 9.25 a.m. est Pre-open Wednesday 14th April Significant Buyers were active again on Tuesday.  There has been no Significant Selling marked since 19th March.  Buyers Responded just above First Level support at 1183.50 and were active again in the p.m. aggressively closing ES strong.  This is Buyers obviously still in control of the dayframe. […]

posted 9.27 a.m. est Pre-open Tuesday 13th April From yesterday’s ebook “let’s assume higher until price gives us an indication of weakness. Marking Significant Sellers on the ES profile below 1183.50 would be a start.” Monday generated a higher but very narrow Value Area and low volume.  Supporting Charts: Bonds (TLT) have closed higher for […]

posted 9.22 a.m. est Pre-open Monday 12th April Friday’s First Level S/R at 1183.50 proved support.  Going into this week that 5day poc is the first reference level.  The’re’s enough Bulls for a top (see below) but ES is still showing typical Buyers-in-control behaviour. As I said last week “First indication of a trend change […]

posted 9.25 a.m. est Pre-open Friday 9th April I said yesterday that the “First indication of a trend change comes when poc levels become resistance rather than support”.  That did not happen on Thursday.  ES spent the whole day rallying (after an early test of the previous day’s low) back to the minor poc and […]