posted 9.25 a.m. est Pre-open Friday 25th September ES did struggle to print above 1062.5 early in the session and that implied weakness. The day session high was 1062 which was also just below the low of Wednesday’s Value Area. And that’s a change because for the last sixteen days price below the previous day’s […]

posted 7.50 a.m. est Pre-open Thursday 24th September Price probe above 1070 was rejected again on Wednesday followed by Aggressive Selling (red at bottom) in the p.m.   Value Area was overlapping so this is not yet Effective Selling. However, stats would suggest that Wednesday’s low at 1055.25 will be tested during the day session today […]

posted 9.29 a.m. est Pre-open Wednesday 23rd September On Tuesday Aggressive Buying activity (green at top) was marked.  The Value Area was higher and same width as Monday, on increased Volume. Pre-open yesterday I suggested that ES might find early support around 1062.5 which would then increase the odds that the resistance at 1070 would […]

posted 9.29 a.m. est Pre-open Tuesday 21st September Buyers Responded to a weak opening on Monday (green at bottom). The poc resistance at 1062.5 effectively contained the upside during the day session but overnight ES has traded as high as 1069. 1062.5 remains First Level S/R and the level to watch today.  Should it provide […]

posted 9.25 a.m. est Pre-open Monday 21st September I marked three instances of Significant Buying last week and one of Significant Selling.  ES tested the 1070 level early in Thursday’s session where it met with a Significant Response from the Sellers.  As I mentioned pre-open Thursday, 1070 may be a problem for ES. I’m gauging […]

posted 9.28 a.m. est Pre-open Friday 18th September On Thursday ES tested the previous day’s Green at Top – up to just above 1070 (a resistance level mentioned pre-open yesterday) and Buyers Responded (red at top).  That’s the first time I’ve marked Significant Selling activity since the low early in the month.  Thursday’s Value Area […]

posted 9.25 a.m. est Pre-open Thursday 17th September On Wednesday, ES found support soon after the open at Tuesday’s poc and climbed higher throughout the session. I marked Aggressive Buying Activity (green at top) generating a higher, wider Value Area.  Once again this is Effective Buying with no response from the Sellers.  Everything looks good […]

posted 9.23 a.m. est Pre-open Wednesday 16th September There was an early probe down into yesterday’s First Level S/R at 1040.5 (dotted line) which was rejected quickly.  Following that test ES auctioned higher for most of the rest of the session, generating a higher, narrower Value Area on increased Volume.  Apart from Monday there have […]

posted 7.25 a.m. est Pre-open Tuesday 15th September Significant Buyers were active again on Monday.  They were offered an early opportunity to buy just below the low of the three previous days cumulative Value Area and Responded (green at bottom).  They were also active later in the day Aggressively auctioning price higher (green at top).  […]

posted 9.30 a.m. est Pre-open Monday 14th September Last week I marked two instance of Significant Buying and the Significant Sellers were absent.  That’s six consecutive up days (higher highs, higher lows) from the low on 2nd Sept.  First Level S/R is at 1024.5 for today’s session which is the 4week poc.  If the auction […]