On Thursday, ES generated a second Value Area below 5954. From note 12/31 ‘a Value Area below the 10day Control at 5954 would indicate lower‘. In the ST, this is a weakened position. There was a dip lower yesterday to 5875 but ES may want to test the low of 12/20, i.e. 5866. In any […]

see note 12/31 on chart – looking for Effective Buying (green) marked above 6022.5 (3mn Control) before considering new longs. ST: On Tuesday ES generated a Value Area below 5954 (minor Control) but overnight has recovered – price back below that level would be indication of weakness. I have no idea which way this will […]

In the LT, price relative to 6022.5 (3mn Control) is important to monitor. I would want to see Significant and Effective Buying activity (green) marked above that level before considering new longs. In the ST, price printing time (i.e. a Value Area) below the 10day Control at 5954 would indicate lower.

Chart is now March ’25 contract.Recap – Significant Selling (red) was marked four times in the days prior to the sharp decline on 18th. I wrote on 10th Dec that ‘Sellers are in Control of ST‘. At the start of this week, price relative to 6022 is important to monitor – as I wrote on […]

The front month has rolled to March but for the sake of my current analysis I’m sticking with the Dec contract this week. Please see previous, highlighted notes on chart. Last week Significant Selling (red) was marked three times and I wrote on Thursday ‘Sellers are in Control of ST‘. On Friday I wrote ‘Unless […]

The front month has rolled to March but for the sake of my current analysis I’m sticking with the Dec contract for today. Some small changes to yesterday’s note. Minor Control is at 6061.50. ES may find this level attractive ahead of the Fed rate decision but time printed below 6061.5 could indicate a test […]

The minor Control migrated to 6062.5. Price relative to this level is important to monitor in the ST. ES may find this level attractive ahead of Fed rate decision but time printed below 6062.5 could indicate a test of 6024. I would want to see Significant Buying (green) above 6075 before considering new longs.

Pre-RTH Open today, ES has tested above 6075, if we see clear rejection early in the session then downside would be 6024. Price printing time above 6075 would be the first positive at the start of the week.

After Wednesday’s snap-back, Significant Sellers re-entered on Thursday, generating a lower Value Area. Sellers have been active this week (red) but so far ineffective on the longer time-frame. This could be ‘Buyers Resting‘. Unless Sellers make an impression soon, Buyers will step back in.

Sellers appeared to take Control of the day-frame early in the week, see Tue’s note – but following inflation data on Wednesday, ES snapped back to test the minor Control at 6095, see note 12/06. As I’ve written this week – a Value Area generated above 6095 would be a further positive & only a […]