Stock market today – 29th June Market pre-open Tuesday’s session generated a higher Value Area and Aggressive Buying was marked. Pre-open today ES has rallied further to test the 2041 poc. I will not consider the long side unless Significant Buying is marked above this level. First Level Support/Resistance = 2041.00 (poc) Stocks>50dyma numbers: Nyse […]

Pre-open Stock market report 28th June 2016 ES was lower again on Monday. Pre-open today ES has rallied back above 2010 but I will not consider the long side unless Significant Buying is marked above 2041. First Level Resistance = 2041.00 (poc) Stocks>50dyma numbers: Nyse 24% (from 37%), Nasdaq 23% (from 37%), R2000 26% (from […]

Risk assets sold off sharply on Friday and again today. Pre-open ES prints close to the 2000 level. At current levels I will not consider the long side unless Significant Buying is marked above 2041. Breadth numbers deteriorated sharply, see below. First Level Resistance = 2041.00 (poc) Market Charts: Nyse and R2000 stayed positive. Nasdaq […]

emini SP500 analysis Please read highlighted comments. Britain voted to leave the EU and overnight risk assets sold off sharply with ES testing the 2000 level. A rally from there has twice tested the 2041 poc and as of thirty minutes pre-open ES has not printed any time above this level. More in video. Support/Resistance […]

The emini SP500 today, 23rd June, has rallied above 2100 pre-open. Wednesday generated an overlapping, higher Value Area. Weakness in the latter part of the session saw ES briefly test the minor Support at 2078, see yesterday’s comments. The minor Support mentioned above migrated higher to 2082 but more importantly the major poc is at […]

Pre-open analysis for the S&P 500 emini 22nd June2016 Tuesday generated a lower Value Area following Monday’s rejected probe above the major poc at 2087. Significant Buying marked above this level would be a real positive. Price below the proven Support at 2041 would be a negative. Dayframe: The minor (15 day) poc migrated to […]

As shown in Friday’s video ES recently found Support at 2041, the controlling price of the current distribution. Pre-open today there has been a spike higher in European markets with ES rallying back to the 2087 Resistance and one hour pre-open that is where ES is printing. Significant Buying marked above this level would be […]

emini 17th June pre-open analysis. Once a week I review the important poc levels on a thirty minute basis. The major is at 2087 and the poc of the current distribution is at 2041. However the nine month is at 2050.5 which is very close to Thursday’s low on the March chart. At current levels only […]

Stock Market Report Thursday 16th June Please note: I have shown the June contract on the graphic but I will be switching to the September contract. For now I want to show where the June contract is printing relative to important levels. The high of Wednesday’s session was a probe up to the 2087 Resistance. […]

Russell 2000 ETF, IWM broke the 115.35 (maj poc) Support on Tuesday. Along with the Russell 2000 ETF, other charts are printing in weaker positions and breadth numbers also weakened, see below. ES analysis: Tuesday generated a Value Area entirely below 2087, the maj poc which is weak price location. At current levels only Significant Buying […]