Once the pre-open analysis is posted I do not edit but there was a mistake made today that I want to correct. The sentence that reads: “Following a day with two instances of significant buying activity (Monday) this is rare.” should obviously read: “Following a day with two instances of significant selling activity (Monday) this […]

posted 9.23am EST from pre-open analysis 02-19 >>Trying to play the strong possibility of an acceleration into the time pivot around 20th-24th, which I’m seeing down to 750 or just below.  If that happens I’d be happy to go with responsive buyers but not yet.<< from pre-open analysis 02-23 >>If price continues lower beyond Tuesday […]

posted 6am EST from pre-open analysis on Monday >>If price holds the minor support at 774 during the day session today then we can expect higher prices in the near term and I’ll go flat. Any price action below 769 would suggest a test of Friday’s low is a possibility today and so is a […]

posted 7.30am EST Friday’s low was below value on various timeframes and there was a strong enough response from the buyers to auction price back above the morning range but the value area was still lower than Thursday’s (although narrower) and there was more volume generated.  I’m still short but looking to cut it if any significant […]

posted 8.08am EST Analysis-7.55a.m.EST-yesterday >>I’m looking for another drive down this week so I’m not looking to put on any longs – too risky. Trying to play the strong possibility of an acceleration into the time pivot around 20th-24th, which I’m seeing down to 750 or just below.  If that happens I’d be happy to […]

posted 7.55am EST Previous: >>If there’s an aggressive test of Tuesday’s low soon after the open that doesn’t bounce back fast, then it would be likely that drive down has started. However, I see Wednesday’s price action as most likely to be ranging with time spent between 790 and 795, similar to Tuesday. If the […]

posted 6.45am EST Sellers are in control.  Buyers were given an opportunity to respond for three days by resting sellers.  Their response was ineffective.  This week opened lower on Tuesday and spent the session building value just above 790. The VA was lower and narrower, less volume. Risk is high for longs. If there is […]

posted today at 6.30am est previous >>I’m sure many traders are monitoring the support trendline off the November low that comes in around 818 today.  Should we see a break below that level it could well bring in a new wave of selling and this time (unusually) the obvious “go with it” choice will most […]

Wednesday was spent backing and filling the previous profile generating an overlapping, narrower value area and less volume than Tuesday. Sellers are in control on the daily timeframe.Yesterday I said that the 840 area should limit upside on Wednesday. ES only managed 836.25 on the high.837 to 840 is a major zone of resistance (1/2RangeX2). […]

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