e-mini SP500 futures have recovered to a stronger position above the 4394 control as investors await the latest announcement from the US central bank. As noted on Friday, the major poc is at 4394. Value Areas on Mon and Tue were generated entirely below that level which is a weak position. Since the low on […]

Bulls need 4394 recovered as soon as possible to regain a strong position in the longer time-frame. As noted on Friday, the major poc is at 4394. A Value Area was generated entirely below that level on Monday which is a weak position. A strong rally saw the poc (now Resistance) tested but rejected. Pre-RTH […]

Bulls need to see ES recover 4394 asap As noted on Friday, the major poc is at 4394 and time below that level would be an indication of a major trend change so Bulls would want to see that Support hold if tested. At the RTH open today ES prints well below that level.

Sellers in control for now As suggested in yesterday’s note the lack of recovery after the test of the 3mn Value Area Low (dashed line on chart) was an indication of weakness. ES has now declined below 4450 and Effective Sellers have been active (red on chart). The major poc is at 4394. Time below […]

and price is accepted below the major VAL Two daily Value Areas have been printed below 4597, the 3mn Value Area Low (dashed line on chart). In a market with a bias higher, tests of major VALs or often quickly rejected but instead we have seen acceptance (time) below that level. I’m not looking at […]

Looking for Significant Buyers to re-enter at this point and recover that level or lower would look likely. from Friday pre-RTHES is back in a weak position and once again Bulls would want to see 4689 recovered as quickly as possible. The 3mn Value Area Low is at 4597 (dashed line) and if the current […]

from Friday pre-RTHES is back in a weak position and once again Bulls would want to see 4689 recovered as quickly as possible. The 3mn Value Area Low is at 4597 (dashed line) and if the current distribution is still valid a fast rejection at that level would be expected. Acceptance (time) there or lower […]

ES is back in a weak position and once again Bulls would want to see the 4689 Control recovered as quickly as possible. Wednesday’s Value Area was generated above the 4689 control which was an encouraging development but Sellers (red) returned on Thursday auctioning ES back below that important level. The pre-RTH low today has […]

I wrote on Friday that “Bulls would want to see 4689 quickly recovered”. That happened on Tuesday and Aggressive Buying (green) marked. Also on Tuesday, enough time was spent at 4688.50 to lift the 12-month Control to that level. This is now the important level to monitor. As long as ES holds above that control […]

I wrote on Friday that “Bulls would want to see 4689 quickly recovered“. That happened on Tuesday and Aggressive Buying (green) marked. Also, enough time was spent at 4688.50 to lift the 12-month Control to that level. This is now the important level to monitor. As long as ES holds above that control it is […]