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 […]

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 […]