posted 9.26 a.m. est Pre-open Thursday 17th December Note: Contract we’re now following is March 2010 as of 15th December. ES found resistance again at the top of the five week trading range.  The poc across this range is now 1105.5 which is First Level Resistance (SPY equivalent is 111.06).  The obvious Support is still […]

posted 9.28 a.m. est Pre-open Wednesday 16th December   No Significant Buying or Selling marked for four days now – we’re due an appearance from one or the other. 1108 poc is still First Level S/R.  As long as ES holds above there it’s in a strong position.  The negative is the dollar strength and […]

posted 8.05 a.m. est Pre-open Tuesday 15th December ES found support just above 1108 early in the session on Monday – this is the important level near term being the poc of the trading range that began nearly five weeks ago.   The top of that range (above 1115, see chart) has been attracting Responsive Selling […]

posted 9.28 a.m. Pre-open Monday 14th December Last week I marked two instances of Significant Buying, both on Wednesday following an early test of the 1088.50 poc.  Buyers were responding below three weeks Value but this is not yet Effective Buying.   I have not marked Effective Buying or Selling for nearly four weeks which is […]

posted 9.28 a.m. est Pre-open Friday 11th December ES has been trading in a range since early November.  The poc for that period is 1108 which is First Level S/R today.   Buyers Responded on Wednesday at the bottom of the range, below value and overnight there was a higher low supported at 1102.  Waiting […]

posted 9.28 a.m. est Pre-open Thursday 10th December On Wednesday Significant Buyers were marked Responding below three weeks Value (see Tuesday comments) and again in the p.m.  This is not yet Effective Buying (Value Area was lower and wider).  longframe: I have not marked Effective Buying or Selling for nearly four weeks which is typical […]

posted 9.24 a.m. est Pre-open Wednesday 9th December The options ratios and Rydex assets data have not indicated an increase in fear among the smaller traders this week.  That usually means more downside but the 1088.50 poc has so far provided support (a.m. low Tuesday was 1087.75 and p.m. low was 1088.50) and this is […]

posted 9.27 a.m. est Pre-open Tuesday 8th December ES spent Monday in a tight range, the Value Area was narrow and the volume was low. Main point is that ES did not manage to consolidate above 1108 (see yesterday’s comments above).  Effective Selling would confirm weakness out of the Dec 4th time pivot but that […]

webcast – charts to 4th December released for subscribers earlier in the week

posted 9.20 a.m. Pre-open Monday 7th December ES rallied into the 273/182 time pivot (around 4th December) discussed in the webcast last week. This is a potential turning point in time. Last week’s Value Area was overlapping/higher.  The WkVAL (value area low) was 1096.5 which was tested and rejected p.m. on Friday – ES then […]