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 […]

posted 7.50a.m. est from pre-open comment Monday 27th April >>First level support is 841 going into today’s session.  Pre-open ES has traded down to the 1/2Range at 847.5.  Based on the dominance of the Buyers at the moment and the ineffective response seen from the Sellers we have to expect further upside as long as […]

posted 9.15a.m. est from pre-open comment Friday 25th April >>To remain bullish in the longframe I need to see ES continuing to print Value Areas above 830 which it has done for 10 days now.  ES tested down to this major level on Thursday and support was found just above.    That can be a bullish […]

posted 10.10a.m. est pre-open comments Thursday 23rd April. >>Based on recent imbalances marked, I will assume that Buyers are in control and therefore expect support to hold (rather than resistance).   1/2Range at 847.5 (Friday High to Tuesday Low).  This is the important level today.  If ES can print above 847.5 we have to assume higher […]

posted 9.27a.m. est From pre-open comment Wednesday 22nd April When Aggressive Buying (green at top) is marked, the high of that day will be tested the following day, 70% of the time.  Therefore we should expect  Tuesday’s high at 848.75 to be exceeded at some point during today’s session.  If it is not then we […]

posted 09.24a.m. est from pre-open Tuesday 21st April >>If Buyers remain in control I would expect them to respond quickly and auction price back above 830.  If they fail to do so it will be a big clue that control is shifting to the Sellers – confirmed if we see effective selling below 830. Frankly, […]