There was rejection last week at the Value Area High, dashed line on chart, see previous, highlighted comments. Bulls would want to see acceptance (time) at that level or higher which would be an indication that we are in a new distribution higher. The last 7 Value Areas have been printed above the major Control […]

ES between the 4588 VAH, and the 4354 control Support. A 5wk control has emerged at 4484 and price relative to that level is worth monitoring today. Pre-RTH ES is printing below that level in a weaker position. Mechanically, a RTH close below the low of the 02/01 Buying Day, 4474 (dotted line) would indicate […]

There was a fast rejection last week of the VAH, dashed line on chart, and see previous, highlighted comments. Bulls would want to see acceptance (time) at that level or higher which would be an indication that this is a new distribution higher. In the ST, a minor (8day) control has emerged at 4493 and […]

A fast rejection just shy of the Value Area High at 4588, dashed line on chart, see Wednesday’s highlighted comments on chart. Bulls would want to see acceptance (time) at that level or higher which would be an indication that this is a new distribution higher. Seen the opposite of that so far.

A fast rejection just shy of the VAH at 4588 (dashed line on chart) this morning’s comments -> It will be interesting to see if price is rejected should there be a test of the Value Area High at 4588. Acceptance (time) at that level or higher would be an indication that this is a […]

Buyers active on Monday and Tuesday (green) effectively auctioning price higher. It will be interesting to see if price is rejected should there be a test of the Value Area High at 4588. Acceptance (time) at that level or higher would be an indication that this is a new distribution higher. In the ST there […]

Encouraging price action at the start of the week. Monday’s value Area was generated entirely above 4354, the major poc, and Significant Buying (green) was marked, see yesterday’s highlighted pre-open comment. Encouraging price action – but the 4354 Support must hold now.

Bulls would want to see the Support at 4354 hold Last week the major poc migrated lower to 4354 and as I wrote “Price above 4354 would be a safer position”. Currently, ES is printing above 4400. Significant Buying (green) marked above the poc would be a further positive but at a minimum Bulls would […]

Since 01/13 Effective Sellers (red on chart) have been marked four times. If Significant Buyers do not make a mark, Sellers will resume. On Wednesday the major poc migrated lower to 4354. It is now very important to monitor price relative to this level. Time spent above that Control would indicate that progress higher could […]

The major poc has migrated lower to 4354. It is now very important to monitor price relative to this level. Time spent above that Control would indicate that progress higher could be made but time below would be a concern for the Bulls. Pre-RTH ES has probed that level (currently Resistance) but is printing below […]