posted 9.29 a.m. est Pre-open Friday 10th July Wednesday’s Value Area was lower and wider on increased volume.  Thursday’s Value Area was higher and narrower on decreased volume.  That is not usually a positive indication. The last imbalance was Selling (red) on Tuesday and it looks like Sellers resting since then trying to force a […]

posted 9.29 a.m. Pre-open Thursday 9th July Wednesday’s Value Area was lower and wider on increased volume.  The major poc support at 870 was tested and recovered.  Low on SPY was exactly 87.0 The odds would suggest that this week’s SP500 HiLo range is likely to expand above Monday’s high or lower than Wednesday’s low […]

posted 9.13 a.m. est Pre-open Wednesday 8th July The break below Monday’s controlling price just below 890 early in Tuesday’s session indicated weakness and the direction for the rest of the day.  My numbers had suggested that Monday’s high was likely to have been tested on Tuesday (aggressive buying i.e. green at top, is tested […]

posted 9.08 a.m. est Pre-open Tuesday 7th July Longframe: Significant Buyers were active on Monday but the Value Area was lower so this is not Effective Buying.  This is more likely Sellers Resting forcing a response from the Buyers.  As of Monday’s close the 10dayma Nyse Declining Volume moved back above the 10dayma Nyse Advancing […]

posted 9.20 a.m. Pre-open Monday 6th July 907.25 was the day session high on Thursday, just below the First Level S/R at 907.5 Last week I marked two instances of Significant Selling and no Significant Buying. Pre-open today (Monday) ES / SPY have tested the June 23rd low.  This confirms the lower high last week.  […]

posted 9.26 a.m. est Pre-open Thursday 2nd July from pre-open comment Friday 26th Jun >>It will now be very interesting to see how the Sellers Respond to this latest appearance by the Buyers.  Personally I will be struggling to obey my own rules and not short this thing if it sticks its head above 930… […]

posted 7.25 a.m. est Pre-open Wednesday 1st July 926.25 was the early high on Tuesday and brought a response from the Significant Sellers (red at top).  After a sharp decline ES found support just above 907.5 which has been the dayframe controlling price for a while now.  Value Area was lower and wider so this […]

posted 8.40a.m. est Pre-open Tuesday 30th June ES spent most of Monday’s session in a very tight range centred around 922.5   Volume was very low. 918.6 is the 1/2Range off the June high. This is First Level S/R for Tuesday. All comments from Monday are relevant.

posted 8.20a.m. est Pre-open Monday 29th June Last week I marked one instance of Significant Selling and three instances of Significant Buying.  Although last week saw the Buyers more active than the Sellers the Value Area for the week as a whole was overlapping/lower.  The previous week saw the Sellers more active than the Buyers […]

posted 9.29a.m. est Pre-open Friday 26th June Buyers were active on Thursday.  Responsive Buying was marked very early in the day just below Wednesday’s low and Aggressive Buying (green at top) later in the day.  The Value Area was higher and wider on increased volume.   This is Effective Buying in the dayframe and was a […]