posted 9.29 a.m. est Pre-open Wednesday 27th October Pre-open yesterday I wrote “Pre-open ES is probing down below the First Level support at 1178.  ST Bulls would want to see ES quickly back above that level.” The open was lower than 1178 but Buyers Responded and quickly auctioned ES back above that level.  In the […]

posted 9.29 a.m. est Pre-open Tuesday 26th October Sellers Responded on Monday (red-at-top) soon after the open and ES closed near the low of the day but the Value Area was higher and wider so this is not yet Effective Selling.  Even so I like to see Buying (green) as the most recent imbalance if […]

posted 9.29 a.m. est Pre-open Monday 25th October Friday’s session was narrow with most time spent around 1178 which lifted the twenty day poc to this level. 1178 is the First Level Support at the start of this week.  Next Level support comes in at 1155.50. Since Significant Buyers were marked on Tuesday 12th there […]

posted 9.28 a.m. est Pre-open Friday 22nd October Thursday’s Value Area was overlapping/wider but once again almost all the session was spent consolidating above the First Level S/R at 1172.50 which keeps ES in a strong location.  The overnight low was 1173.25, just above that First Level Support, and currently pre-open ES prints around 1179.  […]

posted 4.35 a.m. est Pre-open Thursday 21st October Wednesday opened below the 6day VAL at 1165.50 and then immedaitely rejected that price level quickly as I said yesterday “ST Bulls would want to see”. Value Area was higher and narrower on less volume but almost all the sessiion was spent consoilidating above the First Level […]

posted 9.29 a.m. est Pre-open Wednesday 20th October On Tuesday ES found support at exactly 1155.50, the 15daypoc mentioned yesterday.  If ES prints value below 1155.50 this could become something more serious but so far I’d classify yesterday’s price action as normal corrective activity.  I’ll assume this is Buyers Resting until Significant Sellers are marked. […]

posted 9.28 a.m. est Pre-open Tuesday 19th October ES found support just below First Level S/R on Monday, in fact at Friday’s poc (see chart).  After rallying back above First Level S/R ES built Monday’s Value Area above Thursday’s and Friday’s.  Nothing negative in that performance. Dayframe: Pre-open ES is probing below 1169, the 5day […]

posted 9.26 a.m. est Pre-open Monday 18th October Last week Significant Buyers were active on Tuesda, both Responsive and Aggressive.   Monday’s poc at 1163 limited the downside for the rest of the week (dotted) and no Significant Selling was marked. In fact there has been no Significant Selling marked (by my criteria) for eleven sessions […]

posted 9.23 a.m. est Pre-open Friday 15th October ES low on Thursday came in at the First Level S/R – see above.  If ES can hold above today’s First Level S/R at 1172.50 early in the session we may well see another week finishing with strength. First Level S/R today = 1172.5 (4daypoc). Lower support […]

posted 9.28 a.m. est Pre-open Thursday 14th October ES opened and drove higher to its highest level since May 5th with no markable response from the Sellers. First Level S/R today = 1163 (5daypoc). Lower support at 1155.5 (10daypoc) Sentiment: Intraday on Wednesday VIX reached 17.9, the lowest level since late April, but the Rydex […]