posted 9.22a.m. est from pre-open comment Monday 20th April >>The day  following three consecutive days of active buyers usually sees buyers resting giving sellers the opportunity to appear (e.g. Tue0414).  For Monday the bottom of 2dayVA is 853 and it is likely that buyers will be offered opportunity below that level today.  Throughout this rally […]

posted 9.18a.m. est from comment Friday 17th April >>We should anticipate a test of yesterday’s high.  This will happen 70% of the time on a day following green at top.  We now approach the major ES level of 872.  This may be a problem.  (from January”If you are a longer term trader or swing trader […]

posted 9.42a.m. est from pre-open comment Thursday 16th April >>The last four value areas have printed above 830 which I said more than a week ago would be a bullish development so there is the possibility of a fast move higher here which becomes likely if 846 shows support and we see an effective session […]

posted 9.12a.m. est from pre-open comment Wednesday 15th April >>I made the comment after the 26th March and 3rd April that it is unusual to see agressive buying on the high day of a rally (green at top).  Both these potential high days were subsequently exceeded.  Monday was a similar day.  It’s unusual but not […]

posted 3.30a.m. est from pre-open comments Tuesday 14th April >>We await a response from the sellers – Monday was the fifteenth consecutive trading day since I marked significant selling. Significant Buyers were active again on Monday generating a higher/overlapping value area.   I have marked aggressive buying (green at top) the last three trading days which […]

posted 9.20a.m. est from pre-open comment Thursday 9th April >>Control may be shifting in the dayframe away from the buyers but until we see effective sellers emerge there is no convincing evidence.   I repeat – In the longframe bulls would want to see value building above 830 and bears would want to see effective selling […]

posted 3.45a.m. est from pre-open Wednesday 8th April >>Lower/overlapping value areas have been narrowing over the last three days and volume has been contracting – with no significant selling to mark.    Looks like Buyers resting so far and typical corrective action in an uptrend – i.e. no confirmation of a change in trend as yet. […]

posted 9.05a.m. est from pre-open comments Monday 6th April >> I think in both price and time the market is at a pivotal point; this is an ideal juncture for a bear market rally to start running out of steam.  If the rally has more to it we’ll find out if ES consolidates above 830 […]

posted 9.25a.m. est from pre-open comments Monday 6th April >>Technical oscillators are getting overbought and sentiment indicators are suggesting levels of optimism that would be a problem if this is a bear market rally; in fact very similar set-up to early January.  I think in both price and time the market is at a pivotal […]

Label on the graphic today read: >>803 is the major controlling price. Consolidation above this level indicates higher.<< should be: 830 is the major controlling price. Consolidation above this level indicates higher.