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 […]

posted 09.29a.m. est Pre-open Thursday 30th April >>ES has broken above the 872 level which has capped it three times.  An acceleration up was expected based on recent price action. The next few days will answer important questions about this rally…. Will ES hold above 872 as it did above 830 and prove this rally […]

posted 9.18a.m. est from pre-open comment Wednesday 29th April >>Buyers responded on Tuesday, once again below 2dayVA – at first level support. Value Area was overlapping and narrower.  For the last six days I have marked no significant selling. 854 is now strong first level support.  Price printing above that level puts ES in a […]

posted 4.35a.m. est pre-open comments Tuesday 28th April >>Pre-open ES trades around first level support at 841. Last twelve days have been in a range between the two bands shown on the chart (872 & 830) which represent major pocs.  Only two instances of Significant Selling marked during that period. Bulls should look for ES […]