Migrating ES levels to June contract

posted 8.15a.m. EST from pre-open analysis Thursday 19th March >>Wednesday’s p.m. range was more than double the a.m. range and this is often an “exhaustion day” in a trend especially with significant buying on the previous day. We may well see a test of yesterday’s high today but it is rare to see three consecutive […]

posted 07.50am EST from pre-open analysis Wednesday 18th March >>Buyers are in control and ES has not yet auctioned high enough to find a significant response from the sellers. Stats suggest that Tuesday’s high will be exceeded today.  803 is 1/2 of the Jan high – Mar low range and we may well see that […]

graphic posted earlier today did not have text – this does

posted 05.38a.m. EST from pre-open analysis Tuesday 17th March >>Until effective selling is seen I am making the following assumptions: Buyers are in control on this timeframe. If time is spent printing in the area of 752 then we may well see value building and sideways price action for a while.  More bullish would be […]

 

posted 07.40am EST from pre-open analysis Monday 16th march >>..if sellers reject a probe into the 768 price area quickly today then we may well see some backing and filling early this week, possibly focused around 752.   Hourly oscillators are a little overbought. Unless we see significant selling activity (red) and sellers taking control back […]

posted 09.15am EST from pre-open analysis Friday 13th March >>Buyers are in control of the daily timeframe. There has been no significant response from the sellers, 768 area may bring a response.  Thursday’s profile suggests continuation higher today; i.e. most of today’s day session is likely to be in an area overlapping/above Thursday’s value area […]

posted 07.05am EST from pre-open analysis 03-12 >>Sellers responded yesterday but not convincingly. Tuesday closing above 3 days highs and then Wednesday’s value area holding above 705-707 was more strength than we have seen for a while and may indicate a shift in control to the buyers, at least temporarily.   As long as we hold […]