Technical analysis – Market pre-open 14th April 2016 See previous comments. Buyers were active again on Wednesday as ES made a new high for this rally and as long as it holds above 2041.00 it is in a strong price location. First Level Support = 2057.00 (minor poc) Second Level Support = 2041.00 (2mn poc) […]

Technical analysis – Market pre-open 13th April 2016 See previous comments. On Tuesday I marked Significant Buying (green) twice. ES finished the session just below 2057.00, the minor Resistance, but overnight has rallied above this level and pre-open has printed high 2060s. 2057.00 is now minor First Level Support but as long as it holds […]

Technical analysis – Market pre-open 12th April 2016 On Monday there was an early rally to the Resistance at 2057.00, the minor poc, see yesterday’s highlighted comments. ES did not manage to print any time above that level and sold off to close the session back below 2041.00., 2mn poc and 30 minutes pre-open is […]

Technical analysis – Market pre-open 11th April 2016 ES generated an overlapping Value Area on Friday and closed the sessioin at 2041.00, the 2mn poc. Price relative to this level could give an indication re ST strength/weakness at the start of this week with minor poc Resistance coming in atat 2057.00. One hour pre-open ES […]

Technical analysis – Market pre-open 8th April 2016 I have mentioned many times that when imbalances fail to follow on it is often a clue that price action is close to a developing poc of some importance. Wednesday’s (green-at-top) high was not tested on Thursday, see yesterday’s highlighted comments. Price was finding 2041 attractive and […]

Technical analysis – Market pre-open 7th April 2016 In Wednesday’s session an early probe below 2041.00 (minor poc) was rejected and ES rallied to a strong close, see previous highlighted comments. Aggressive Buying (green-at-top) was marked which is usually an ST sign of strength but if Wednesday’s session low (2035) is broken it would negate […]

Technical analysis – Market pre-open 6th April 2016 Tuesday’s session generated a lower Value Area. ES held 2033, see previous comments, but intraday that minor poc has migrated higher 2041.00. Post-open price relative to that level could be a guide to ST strength/weakness. Minor Support/Resistance = 2041.00 (minor poc) First Level Support = 1990 (38day […]

Technical analysis – Market pre-open 5th April 2016 On Monday ES generated a higher/overlapping Value Area. Intraday the Sellers have been active for four days now, see highlighted numbers, and although ES has stalled this activity has been Ineffective so far. Overnight, there has been weakness with ES printing back down to the low of […]

Technical analysis – Market pre-open 4th April 2016 ES opened lower on Friday but found early Support just above the minor (15day) poc at 2033.00, see Friday’s highlighted comments. An”outside” Value Area was generated and chart closed strong for the day and the week. As long as ES holds 2033.00 it is in a strong […]

Technical analysis – Market pre-open 1st April 2016 See Thursday’s highlighted comments. Sellers were active on Thursday but only an overlapping/slightly lower Value Area was generated so this was not convincingly Effective activity. Even so, by strictly appliying my rules, I had to mark Aggressive Selling (red-at-bottom). So far, this looks like normal corrective activity […]