posted 9.28 a.m. est Pre-open Thursday 12th November I marked Significant Sellers for the first time in eight days – Responsive Selling as ES tested the October high above 1100.  I also note that for three consecutive days the ISEE (equity only) index has registered above 200 which indicates a lot of public call buying […]

posted 4.35 a.m. est Pre-open Wednesday 11th November Tuesday was a consolidation day with an overlapping/higher Value Area generating less volume.  That pattern doesn’t always imply good trade facilitation higher but all of Tuesday’s day session range was above Monday’s poc at 1084 and looks like Buyers Resting.  Significant Sellers have not been marked for […]

posted 9.24 a.m. est Pre-open Tuesday 10th November Buyers were active (green-at-top) on Monday and the Value Area was higher and wider (taller) than Friday’s which indicates this was Effective Buying. As you know 80% of the time a green-at-top high gets tested the following day BUT although it’s still likely to happen I won’t […]

posted 9.29 a.m. est Pre-open Monday 9th November Last week I marked three instances of Significant Buying and no Significant Selling.  Last week’s price action indicates nothing more than a Response from the Buyers bringing ES back to value (the 1063/64 poc) and negating the Effective Selling seen on 10/30. The Buying was not Effective […]

posted 9.29 a.m. est Pre-open Friday 6th November On Thursday ES spent very little time after the open below 1052.5. Sellers did not respond early and as I suggested yesterday (see above) that would likely mean that Buyers would be marked, which they were. However this was Ineffective Buying because the Value Area, although higher, […]

posted 9.30 a.m. est Pre-open Thursday 5th November All previous comments reproduced here are relevant. 1038.50 remains First Level S/R.  Overnight ES probed down to that level (1039) and rallied, currently pre-open testing Wednesday’s poc at 1052.5.  Dayframe: I have not marked Significant Buying or Selling for three consecutive days.  I have seen that pattern […]

posted 9.20 a.m. est Pre-open Wednesday 4th November Tuesday was an inside day with a narrower, overlapping Value Area. The day session high was 1043, just below the top of the previous 2days summated Value Area which I suggested might limit the upside. During this consolidation day the 10dy poc fell to 1038.50.  1063/64 remains […]

posted 9.29 a.m. est Pre-open Tuesday 3rd November Monday’s Value Area was overlapping/lower and narrower on reduced volume.  There was no Significant Buying or Selling marked. The early rally failed at the first resistance reached which was Wednesday’s poc at 1050 (drawn as red line pre-open yesterday).  If Buying strength is as weak as this […]

posted 9.28 a.m. est Pre-open Monday 2nd November Last week I marked one instance of Significant Buying and two of Significant Selling.  There were two obvious resistance levels highlighted as important last week which represented tests of strength for the Buyers and they failed both (see graphic). The first was on Monday at the 1088.50 […]

posted 9.29.a.m. est Pre-open Friday 30th October Wednesday’s red-at-bottom low was not tested during Thursday’s day session, (4 out of 5 get tested the following day).  Also it is very rare to see a day of Effective Buying immediately following a day of Effective Selling like this (this pattern will sometimes occur Friday to Monday […]