Technical analysis – Market pre-open 13th May 2016 ES opened on Thursday close to 2068 (dashed), the minor 1/2R off the April high and immediately sold off, see yesterday’s highlighted comments. Overnight ES has printed as low as 2046.25 with the important Support at 2041.00. Time printed below that level would be indicate furthr weakness, […]

Technical analysis – Market pre-open 12th May 2016 See previous comments. On Tuesday I marked Aggressive Buying. However on Wednesday ES printed below Tuesday’s low negating any ST positive implications of that green-at-top high. As of ninety minutes pre-open ES was printing just above 2070. The v min 1/2R off the April high is at […]

Technical analysis – Market pre-open 11th May 2016 See previous comments. So far, ES has failed to print a Value Area below 2041 (now the 8 month poc Support) and on Tuesday Aggressive Buying (green-at-top) was marked. There is Resistance at 2086, the minor poc and price printing time above that level would be a […]

Technical analysis – Market pre-open 10th May 2016 Note: this was posted five hours pre-open, See previous comments. Note the Support at 2041.00. So far at least, we have not seen a Value Area generated below that level. Time printed below 2041 would indicate further weakness. Overnight ES has rallied above 2065. First Level Resistance […]

Technical analysis – Market pre-open 9th May 2016 See previous comments. There is Support at 2041.00. So far at least, we have not seen a Value Area generated below that level. Time printed below 2041 would indicate further weakness. First Level Resistance = 2086.00 (min poc) First Level Support = 2041.00 (2mn poc) Market Charts: […]

Technical analysis – Market pre-open 6th May 2016 See previous comments. Thursday generated another Value Area just above the Support at 2041.00. For three hours pre-open today ES was printing below that level and following the jobs data has printed lower. If ES remains below 2041 post-open it is in a weak price location. Second […]

Technical analysis – Market pre-open 5th May 2016 See previous comments. Wednesday generated a lower, narrower Value Area with the Support at 2041.00 being briefly tested. Price printing time below this level would indicate further weakness. Overnight ES has printed as high as 2060. First Level Resistance = 2086.00 (min poc) First Level Support = […]

Pre-open Wednesday 4th May See previous, highlighted, comments. Overnight ES has declined again to test the Support at 2041.00. As of one hour pre-open the low is 2040.75. Price printing time below this level would indicate further weakness. First Level Resistance = 2086.00 (min poc) First Level Support = 2041.00 (2mn poc) Stocks>50dyma numbers: Nyse […]

Technical analysis – Market pre-open 3rd May 2016 See previous comments. Monday generated a higher Value Area but overnight ES has printed back down to test Monday’s low. In the longer timeframe as long as ES holds above 2041.00 it is in a stronf location but in the Short term I would want ES printing […]

Technical analysis – Market pre-open 2nd May 2016 See previous comments. Friday generated a lower Value Area. The poc Support at 2041.00 held and ES rallied to the close but still ended the week below Mon-Wed range low which indicates Sellers Active on the weekly timeframe. Price printing time below that level would be a […]