posted 10.45a.m. est from pre-open analysis Monday 30th March >>ES is likely to open below the low of last week’s value area (803.5).  If buyers are dominant I would expect them to take this as an opportunity and quickly respond.   If that does not happen then a shift in control may be underway. In the […]

posted 8.50a.m. est from pre-open analysis Friday 27th March >>..green at the top indicates aggressive buying and it is unusual to see an up auction with green at the high.  Usually these get tested and the odds suggest that Thursday’s high will be tested.  If sellers did decide to respond strongly we’d likely see it […]

posted 09.28 a.m. EST pre-open analysis Thursday 26th March >>Sellers may well respond again at 830 or just above should we reach that level this week.   If that is going to happen I would expect Tuesday’s poc around 810 to limit the downside beforehand.  Buyers are still in control of the dayframe.<< pre-open analysis Friday […]

posted 9.28 EST from pre-open analysis Wednesday 25th March >>I’m thinking we’ll see a test of Monday’s high but I’d want to see ES hold above 801 or test below it and recover quickly.  Building value below 801 would make that high test less likely.<< Monday’s high got tested very early in the day and […]

posted 5.10 a.m. est from analysis Tuesday 24th March >>until we see effective sellers responding I will assume buyers are in control and eliminate the short side<< Sellers closed the session below the a.m. range but the value area was higher/overlapping and narrower.  This looks like typical backing and filling after a strong day of […]

posted 9.45a.m. EST from pre-open analysis Monday 23rd March >>Thursday and Friday saw active sellers, but on both days volume was lower than the previous day and the sellers only managed, in two days, to retrace one day (Wednesday) of active buying. Monday is always the hardest to predict but if control is shifting to […]

posted 9.00a.m. EST from pre-open analysis Friday 20th March >>We need to know if this response from the sellers is a forced response (because buyers are resting) or if a shift in control of the dayframe is actually taking place. If it’s the latter then I’d suggest ES will struggle to spend much time above […]

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 […]