Significant Buyers are very active. I’ve marked Aggressive Buying three times in five days. Since the rejected test of the 4392 Support on Thursday, ES has generated eight Value Areas above that level. Dayframe: The minor (now 12 day) control migrated higher to 4525.50. I’d expect Support there if tested. 4595 might be an extreme […]

Since the rejected test of the 4392 Support on 10/14, ES has generated seven higher Value Areas and Aggressive Buying (green) has been marked three time. The control at 4392 should strongly Support if the market sets back. In the ST, the minor (9day) control is at 4525.5. Price relative to that level is worth […]

Since the rejected test of the 4392 Support on Thursday, ES has generated five consecutive higher Value Areas and Aggressive Buying (green) has been marked twice. As written pre-RTH on Friday, buyers are back in control. If that’s the case, 4392 would strongly Support if the market sets back. In the ST, there is a […]

Thursday was a very constructive day and Friday generated a higher Value Area. ES has stalled at the 4month VAH (Value Area High) which currently at 4467 (dashed line on chart). The more time printed at, or close to 4467, the greater the chance ES is headed higher because it would indicate price action over […]

There are two Significant levels to watch, 4392 and 4353. Monday’s Value Area was generated below 4393 and Tuesday’s VA below 4353. Bulls would want to see 4392 recovered asap, this is a weak position. In the ST (today) price relative to 4334.40 is worth monitoring. Holding that level intraday would be a positive.

There are two Significant levels to watch, 4392 and 4353. I previously wrote that ES needed to hold 4353 (the 4mn control) to “retain its strong position (unless control moves again)”. The control moved again during RTH Friday to 4392. On Monday, there was a rejected probe of that level and ES sold-off to close […]