The major VAL at 3686 (dashed line on chart) has been tested but you really want to see a reaction here and some Significant Buyers (green) entering. The 3-week control is at 3773. Price printing time above that level would be a minor ST indication of strength.

See Friday’s note highlighted on chart. The major VAL at 3686 (dashed line) has been tested but you really want to see a reaction here and some Significant Buyers (green) entering. In the ST, there is a minor 14-day control at 3773. Price printing time above that level would be a minor indication of strength. […]

The major VAL at 3686 (dashed line) has now been tested but you really want to see a reaction here and some Significant Buyers (green) entering.

On the 1st June the control migrated to 4147. Following that, Buyers were unable to keep ES above that level which was a negative, see chart. On the weekly timeframe the major VAL at 3686 has now been tested. That could lead to a bounce but so far there is no evidence of Significant Buyers […]

Following the sharp sell-off at the end of last week, ES tested the May low on Monday and has since printed its lowest level since January last year. Yesterday’s low is a good level for a price low for this leg – below major VAL. Gut says buy it, rules say I can’t, Fed means […]

Following the sharp sell-off at the end of last week, ES tested the May low on Monday and has printed its lowest level since March last year. No obvious local Support.

Following the sharp sell-off at the end of last week, ES has today tested the May low and printed its lowest level since March last year.

Since the 2mn Control migrated to 4147 last week, ES has been unable to print significant time above that level – see note 06/01 on chart. Last five Value Areas have been generated below that price. I wrote Bulls would want ES back above 4147. Thursday saw a sell-off and ES is lower today following […]

4147 (now 4mn Control) remains a problem for ES with little time being printed above that Resistance – see note 06/01, highlighted on chart. ST: I wrote yesterday “4079 which is ST VAL and could reject price back higher”. That’s what we saw immediately on the RTH Open, which is encouraging. If 4147 is held […]

Since the 2mn Control migrated to 4147 on Wednesday, ES has been unable to print significant time above that level – see note 06/01. Value Areas on Friand Mon were generated entirely below that price. Bulls would want ES back above 4147. As I write ES is printing close to 4079 which is ST VAL […]