posted 9.29 a.m. est Pre-open comment Thursday 10th February Since the start of the week ES has been printing above the 8dayVAH which has slowed progress higher.  8dayVAH comes in at 1314.5 today with ES currently printing below that level pre-open.  Until Significant Sellers are marked I will assume higher but normal backing and filling […]

posted 5.32 a.m. est Pre-open comment Wednesday 9th February Within the first thirty minutes of Tuesday’s session there was a test below 1316 (level given yesterday) which was quickly rejected.  I marked Responsive and Aggressive Buying which means there have been six instances of Significant Buying in six days.  Buyers are in control of the […]

posted 9.29 a.m. est Pre-open comment Tuesday 8th February Dayframe: ES gapped higher on Monday and now prints above the 8dayVAH which comes in today at 1308.5 also hourly oscillators are indicating a loss of momentum on the intraday chart.  Therefore if ES is unable to hold above 1316 early in the session I would […]

posted 9.20 a.m. est Pre-open comment Monday 7th February from Friday pre-open “The minor poc has yet to migrate higher but a little more time at 1302/03 would do it”. During Friday’s session, more time was spent at 1302/03 which lifted the minor poc and triggered higher prices (see Thursday’s comments).   Overnight ES has been […]

posted 9.29 a.m. est Pre-open comment Friday 4th February ES tested down into First Level Support on Thursday and quickly came back (see highlighted comments from yesterday).  I marked Responsive and Aggressive Buying.  Thursday price action lifted the 8dayVAH to 1304.5.  The minor poc has yet to migrate higher but a little more time at […]

posted 9.29 a.m. est Wednesday was a tight range day on low volume (notice the distribution was backing and filling Tuesday’s).  These inside, quiet days have a tendency to preceed directional days.  On intraday charts you will find these kind of situations when the 60minute bollinger bands get very squeezed (as they are now).  ES […]

posted 9.29 a.m. est Pre-open comment Wednesday 2nd February On Tuesday I marked Significant Buying.  This was on a gap day higher which gives me less reliable stats but it would be highly unusual to see a green-at-top day marking a high of any significance – so I assume that high will be tested in […]

posted 9.29 a.m. est Pre-open comment Tuesday 1st February Although the stats are not as strong for a Friday (I have mentioned this before ) red-at-bottom lows are usually tested on the following day.   Friday’s low was tested overnight Sunday but there was no follow through in Monday’s session below the 1267.50 overnight low (this […]

posted 9.29 a.m. est Pre-open comment Monday 31st January Friday: Sellers Responded on Friday as the SP500 index opened above 1300 for the first time since Sept 2008.  Very little time was spent above ES First Level Support at 1293 and Second Level Support at 1281.50 failed as well.  Aggressive Selling was also marked and […]

posted 9.29 a.m. est Pre-open comment Friday 28th January Dayframe: I said pre-open on Thursday that we “may well see more consolidation as ES is up into the 8dayVAH which has slowed price recently”.  ES did in fact consolidate further, printing an overlapping Value Area which has lifted the 10day poc to 1293.  That is […]