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 […]

graphic posted earlier today did not have text – this does

posted 05.38a.m. EST from pre-open analysis Tuesday 17th March >>Until effective selling is seen I am making the following assumptions: Buyers are in control on this timeframe. If time is spent printing in the area of 752 then we may well see value building and sideways price action for a while.  More bullish would be […]

 

posted 07.40am EST from pre-open analysis Monday 16th march >>..if sellers reject a probe into the 768 price area quickly today then we may well see some backing and filling early this week, possibly focused around 752.   Hourly oscillators are a little overbought. Unless we see significant selling activity (red) and sellers taking control back […]