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 […]

posted 9.29 a.m. est Pre-open Thursday 29th October Early in Wednesday’s session ES failed to even probe back into Tuesday’s Value Area and spent the rest of the session heading lower. Aggressive Selling was marked and the Value Area was lower and wider on increased volume. This is Effective Selling below the 1063/64 poc which, […]

posted 9.26 a.m. est Pre-open Wednesday 28th October Tuesday was a ranging day generating a narrower, overlapping/lower Value Area on increased (and above average) volume. Price action was centred around the poc at 1063/64 rather than finding support or resistance at that level although since midday yesterday ES has been consolidating below that level (see […]

posted 8.58 a.m. est Pre-open Tuesday 27th October Monday’s Value Area was overlapping/lower and wider.  Volume was slightly less than Friday but above average.  The early rally was halted at exactly the First Level Support/Resistance of 1088.5 which was the key level I mentioned all last week.   Applying my strict rules I cannot mark selling […]