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.  

from pre-open comments Friday 3rd April >>Thursday’s VA was above 830, which is now the major controlling price for this contract.  That is bullish if 830 holds.  I’m also seeing strong price location now on the weekly charts with indices printing above their 1/2H levels and overcoming resistance.  Breadth is also supportive. With buyers in […]

 posted  8.50a.m. est from pre-open comment Thursday 2nd April >>Buyers still in control. Pre open, ES has traded higher, probing the major resistance level at 830 as we saw a week ago.  If 830 is accepted rather than rejected this time then I would expect development to the 850 area but 830 may prove a […]

posted 9.22a.m. est from analysis Tuesday 31st March >>Typically at a change of trend from up to down I will record responsive selling (red at top) before the down trend begins.  We have not seen that yet.  Much safer for bears to wait for that confirmation.<< from pre-open comments Wednesday 1st April >>…we should expect […]

posted 5.30a.m. est from analysis Tuesday 31st March >>Typically at a change of trend from up to down I will record responsive selling (red at top) before the down trend begins.  We have not seen that yet.  Much safer for bears to wait for that confirmation.<< There has only been one significant buying or selling […]

posted 10.45a.m. est from pre-open analysis Monday 30th March >>ES is likely to open below the low of last week’s value area (803.5).  If buyers are dominant I would expect them to take this as an opportunity and quickly respond.   If that does not happen then a shift in control may be underway. In the […]

posted 8.50a.m. est from pre-open analysis Friday 27th March >>..green at the top indicates aggressive buying and it is unusual to see an up auction with green at the high.  Usually these get tested and the odds suggest that Thursday’s high will be tested.  If sellers did decide to respond strongly we’d likely see it […]

posted 09.28 a.m. EST pre-open analysis Thursday 26th March >>Sellers may well respond again at 830 or just above should we reach that level this week.   If that is going to happen I would expect Tuesday’s poc around 810 to limit the downside beforehand.  Buyers are still in control of the dayframe.<< pre-open analysis Friday […]

posted 9.28 EST from pre-open analysis Wednesday 25th March >>I’m thinking we’ll see a test of Monday’s high but I’d want to see ES hold above 801 or test below it and recover quickly.  Building value below 801 would make that high test less likely.<< Monday’s high got tested very early in the day and […]