posted 6.30 a.m. est Pre-open Tuesday 28th July Monday’s Value Area was Overlapping/Higher and narrower on less volume.  This is possibly a slowing of the up auction but I will not consider the short side at least until Effective Sellers re-emerge (red).  After an early setback from the open, ES rallied back in the p.m. […]

posted 9.29 a.m. est Pre-open Monday 27th July Significant Sellers have not appeared for thirteen days now.  Friday’s Value Area was narrower (slightly) and overlapping/Lower and that’s the first Value Area with a lower low for two weeks.  Buyers are in control and the Frist Level S/R moves to 973 (pre-open low is 974.5).  I […]

posted 9.29 a.m. est Pre-open Friday 24th June Pre-open Wednesday 10th June I wrote: >>As long as ES holds above 941, higher prices are likely in the short term with 970 or just above as a target.<< That was the only upside target I mentioned since the start of June.  What happens now? Significant Sellers […]

posted 9.28 a.m. est Pre-open Thursday 23rd July The First Level S/R at 943 held on Wednesday. I have not marked Significant Buying for two days giving the Sellers opportunity which they have declined. I have not marked Significant Selling for eleven days now. 943 remains the First Level S/R.  Buyers are in control and […]

posted 9.10 a.m. est Pre-open Wednesday 22nd July Tuesday’s Value Area was overlapping/higher and wider on increased volume. After selling off from a higher open, price probed briefly below Monday’s Value Area before rallying strongly. At the close there was no resulting imbalance to mark. There’s been no Significant Selling for ten days now. Monday’s […]

posted 9.27 a.m. est Pre-open Tuesday 21st July Once again Significant Buyers were active on Monday (green) and the Value Area was higher, wider and volume expanded (just). Actually volume is still very low, ES total volume on Monday was 20% less than the 10day ma which is itself very low. With no Significant Selling […]

posted 9.28 a.m. est Pre-open Monday 20th July Last week I marked four instances of Significant Buying. There has been no Significant Selling for eight consecutive days. You can see last week that when the Buyers appeared volume expanded and on days when the Buyers rested volume contracted and the Value Area was narrower indicating […]

posted 9.18 a.m. est Pre-open Friday 17th July On the chart I’ve extended each day’s controlling price across the following session. Apart from very early on Monday, the price range of each day session this week has been above the previous day’s controlling price. This is dayframe uptrend. Thursday’s controlling price came in at 928 […]

posted 9.24 a.m. est Pre-open Thursday 16th July Back on Friday 26th June I wrote >>The most recent imbalance is Buying (green) and according to my rules that should eliminate the short side for me until Significant Selling (red) is marked. Personally I will be struggling to obey my own rules and not short this […]

posted 7.50 a.m. est Pre-open Wednesday 15th July There wasn’t much follow through on Tuesday.  The Value Area was higher and narrower on less volume and that’s not usually good for continuation higher, at least not immediately.  On the hourly chart the momentum oscillators are overbought and strength early in the week isn’t always to […]