posted 9.25 a.m. est Pre-open Monday 5th October Last week I marked two instances of Significant Selling and one of Significant Buying.  On Friday Buyers Responded early in the session but the Value Area was overlapping/lower so this is Ineffective Buying.  Note that the last two weeks have seen relative strength early in the week […]

posted 9.26 a.m. est Pre-open Friday2nd October Day session high on Thursday was 1049.5 (see pre-open comment above) and ES auctioned swiftly lower.  Significant Sellers were marked again, aggressively auctioning the market lower (red at bottom).  Value Area was lower and wider so this is Effective Selling for the first time since Sept 1st – […]

posted 9.28 a.m. est Pre-open Thursday 1st October Pre-open yesterday I suggested that Tuesday’s low would likely be tested but that Bears should wait for Effective Selling below 1056.  Without directional conviction from either the Significant Buyers or Sellers price is likely to return to the current controlling price (value) as it did on Wednesday […]

posted 9.22 a.m. est Pre-open Wednesday 30th September There was a response from the Sellers above 1059 (red at top).   Tuesday’s Value Area was overlapping so again this is not Effective Selling.  Tuesday’s poc was at 1059 further validating that level as the current controlling price (the level that ES finds as value). Red at […]

posted 9.25 a.m. est Pre-open Tuesday 29th September Monday’s Value Area was higher but narrower and generated less volume. The 4wk poc migrated to 1059 so that is now First Level S/R.  If ES prints time early in the session today above 1059 that would suggest higher.  Note also that ES found support in the p.m. […]

posted 9.22 a.m. est Pre-open Monday 28th September Last week I marked two instances of Significant Buying and one of Significant Selling. Last week opened within the previous week’s range, tested that week’s high and closed below that week’s close. Whatever you call that kind of bar it would be rare if last week’s low […]

posted 9.25 a.m. est Pre-open Friday 25th September ES did struggle to print above 1062.5 early in the session and that implied weakness. The day session high was 1062 which was also just below the low of Wednesday’s Value Area. And that’s a change because for the last sixteen days price below the previous day’s […]

posted 7.50 a.m. est Pre-open Thursday 24th September Price probe above 1070 was rejected again on Wednesday followed by Aggressive Selling (red at bottom) in the p.m.   Value Area was overlapping so this is not yet Effective Selling. However, stats would suggest that Wednesday’s low at 1055.25 will be tested during the day session today […]

posted 9.29 a.m. est Pre-open Wednesday 23rd September On Tuesday Aggressive Buying activity (green at top) was marked.  The Value Area was higher and same width as Monday, on increased Volume. Pre-open yesterday I suggested that ES might find early support around 1062.5 which would then increase the odds that the resistance at 1070 would […]

posted 9.29 a.m. est Pre-open Tuesday 21st September Buyers Responded to a weak opening on Monday (green at bottom). The poc resistance at 1062.5 effectively contained the upside during the day session but overnight ES has traded as high as 1069. 1062.5 remains First Level S/R and the level to watch today.  Should it provide […]