posted 9.20a.m. est from pre-open comments Thursday 14th May >>..There’s  major support at 872 and I’d be looking for Significant, Effective Selling below that level to confirm a new down trend.  Until a new trend is confirmed I will assume the  Buyers are still in control and a new high is possible. I marked Significant […]

posted 7.35a.m. est from pre-open comment Wednesday 13th May >>Tuesday’s Value Area was lower and wider on increased volume so bulls need to be cautious even though there was no Significant Selling marked. If 911.5 becomes support at some point (maybe today) we’ll most likely see a new high this week.  I would not consider […]

posted 6.05a.m. est >>from pre-open comment Tuesday 12th May If 914 becomes support at some point (maybe today) we’ll most likely see a new high this week.  I would not consider the long side if ES prints below that level and I’m not considering the short side until I mark Effective Sellers. Until ES prints […]

posted 9.16a.m. est from pre-open comment Monday 11th May >>In the dayframe we are still waiting for an Effective response from the Sellers so Buyers remain in control for now……Bears need to see the Significant Sellers responding more effectively. 914 remains First Level S/R (support/resistance). << Pre-open Tuesday 12th May Value Area on Monday was […]

posted 9.24a.m. est from pre-open comments Friday 8th May >>The odds indicate that on a day following a day with red at top, there is a 70% chance that the previous day’s low (898) will be broken.  That is a stat worth remembering if ES trades back below 914 which is Friday’s First Level Support […]

posted 9.23a.m. est from pre-open comment Thursday 7th May >>Market is very overbought. 14day RSI above 70 now for a number of major charts and VIX closed lower still. We’re pushing the time pivot window here.  Dayframe we have to expect higher but Longframe the break above 872 could be one almighty bull trap.<< Pre-open […]

posted 9.28a.m. est from pre-open comments Wednesday 6th May >>On Tuesday the VIX hit a 7 month low and the ISEE Index (Equity only) reached 225 which is the second highest reading since the start of 2008. << Pre-open Thursday 7th May Significants Buyers were marked again on Wednesday, aggressively auctioning ES higher (green at […]

posted 9.22a.m. From pre-open comments Tuesday 5th May >>As expected, the market is accelerating up into this week’s time pivot……price location is currently strong with ES printing VA above 872.  ….A sharp increase in bullish sentiment would raise the chances of this overbought rally running out of steam.   Last week a number of sentiment indicators […]

posted 09.15a.m. from pre-open comments Monday 4th May >>Buyers remain in control of the dayframe. The most significant thing that happened last week was the probe above 872 which, for now at least, appears to be holding and that’s a sign of strength. VA above 872 rather than centred around that level would be a […]

posted 8.52a.m. est from pre-open comment Friday 1st May >>Re a day following a day of Aggressive Significant Selling (red at bottom).  70% of the time the previous day’s low is broken during the day session.  That would put ES below the major level at 872 which is also First level support/resistance. Obviously I would […]