posted 9.28 a.m. est Pre-open Monday 2nd November Last week I marked one instance of Significant Buying and two of Significant Selling.  There were two obvious resistance levels highlighted as important last week which represented tests of strength for the Buyers and they failed both (see graphic). The first was on Monday at the 1088.50 […]

posted 9.29.a.m. est Pre-open Friday 30th October Wednesday’s red-at-bottom low was not tested during Thursday’s day session, (4 out of 5 get tested the following day).  Also it is very rare to see a day of Effective Buying immediately following a day of Effective Selling like this (this pattern will sometimes occur Friday to Monday […]

posted 9.29 a.m. est Pre-open Thursday 29th October Early in Wednesday’s session ES failed to even probe back into Tuesday’s Value Area and spent the rest of the session heading lower. Aggressive Selling was marked and the Value Area was lower and wider on increased volume. This is Effective Selling below the 1063/64 poc which, […]

posted 9.26 a.m. est Pre-open Wednesday 28th October Tuesday was a ranging day generating a narrower, overlapping/lower Value Area on increased (and above average) volume. Price action was centred around the poc at 1063/64 rather than finding support or resistance at that level although since midday yesterday ES has been consolidating below that level (see […]

posted 8.58 a.m. est Pre-open Tuesday 27th October Monday’s Value Area was overlapping/lower and wider.  Volume was slightly less than Friday but above average.  The early rally was halted at exactly the First Level Support/Resistance of 1088.5 which was the key level I mentioned all last week.   Applying my strict rules I cannot mark selling […]

posted 10.17 a.m. est Post-open Monday 26th October Following is the pre-open comment from last Monday (19th) and could describe the situation this Monday, almost exactly: >>Today’s First Level S/R at 1088.5 is the key for the start of the week. If ES opens above this level and holds then a test of last week’s […]

posted 9.29 a.m. est Pre-open Friday 23rd October As expected we got the test of Wednesday’s day session low but Buyers responded immediately (green-at-bottom) and auctioned ES quickly higher.  Even so, Thursday’s Value Area was lower and wider which means that neither the performance of the Buyers or Sellers is convincing. Hi-Lo Range of the […]

posted 9.26 a.m. est Pre-open Thursday 22nd October ES opened below 1088 on Wednesday and immediately rallied above it. Following a test of Tuesday’s high Significant Sellers responded (red at top) for the first time in eleven days, just below 1100. Late in the day there was a sharp sell off leaving Significant Selling (red) […]

posted 9.28 a.m. est Pre-open Wednesday 21st October Last imbalance was Buying (green) and I never fade the last imbalance.  Also, it’s been 10 days now since I marked Significant Selling activity.  With Tuesday looking like normal corrective activity I assume Buyers are still in control of the dayframe so until I mark Effective Selling […]

posted 9.25 a.m. est Pre-open Tuesday 20th October Monday’s Value Area was built above any previous VA for this rally which is normally a positive (acceptance of value at higher levels) although the VA itself was narrower and generated less volume which in the dayframe is generally regarded as not facilitating trade higher .  It […]