posted 7.05am EST from at-open analysis 03-03 >>I wouldn’t be foolhardy/brave enough even as a daytrader to attempt a long here but In the very short term (today) ES needs to print/hold above 713 before even a relief rally could be anticipated.   More information needed.  There’s not enough data since the gap open yesterday for […]

Monday gapped down and the day session generated a wider Value Area than Friday with less volume. This is the weakest price location seen on the charts for many years with all major charts (now including DIA and QQQQ) printing below their 1/2H levels. Coupled with a lack of “capitulation sentiment” (see cot data last […]

posted 09.28 EST from pre-open analysis 02-27 >>I’m seeing development down to the 715 area from here. In the bigger picture there’s little to encourage.  Breadth is poor and major charts are trading below their half-high levels which puts them in an extremely weak position.<< Two weeks ago I said that two scenarios were possible, […]

posted 9.29 EST from pre-open analysis 02-26 >>…for the last two days there’s been no significant selling. This gives buyers a chance to show what they can do. Price action on Tuesday and Wednesday generated higher although overlapping value areas, with each value area being towards the bottom of the day’s range.   If the buyers […]

posted 9.10am EST from pre-open analysis 02-25 >>I’m assuming ES will see development in the short term up to the 784/785 area.  If this is immediately rejected I would short again on a bounce and wait to see if buyers are strong enough to stop me out at 790.  Otherwise I’ll be flat and awaiting […]

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 […]