Pre-open Friday 12th February See previous comments. Following Wednesday’s rejected probe of the 1870 poc Resistance ES sold off to a new low for this decline. A lower Value Area was generated on Thursday and pre-open today ES has printed above 1845. At current price I am not interested in the long side on any […]

Technical analysis – Market pre-open 11th February 2016 See previous comments. There were two brief probes above the 1870 poc on Wednesday which were rejected and ES subsequently sold off. Overnight ES has printed as low as 1802.50 which was a test below January’s low. Staying cautious here. First Level Resistance = ES 1870 (previous […]

Technical analysis – Market pre-open 10th February 2016 See previous comments. Intraday Buyers were active on Tuesday and managed to generate an overlapping/higher Value Area. Market closed flat despite another sell-off in oil. Overnight ES has probed the First Level Resistance at 1870. It would be a positive if price can print some time above […]

Pre-open Tuesday 9th February See previous comments. Monday generated a lower Value Area, printed entirely below the 1870 poc. This is weak price location. There was a late rally but overnight ES has given back more than half the gains it made off yesterday’s low. Staying cautious here especially with price Momentum and breadth remaining […]

Technical analysis – Market pre-open 8th February 2016 See previous comments. On Friday I marked Aggressive Selling for the second time in the week. The Value Area was lower and wider but held above the 1870 Support. Overnight though global equitie have fallen and pre-open ES has printed below that Support and below 1850.00. This […]

Technical analysis – Market pre-open 5th February 2016 See previous comments. Thursday’s session generated a higher, narrower Value Area above both Support levels that we are currently monitoring. This week’s low (so far) was a brief, rejected test below the 1870 poc and if ES should close strong today that would start to look like […]

Technical analysis – Market pre-open 4th February 2016 See previous comments. Wednesday’s red-at-bottom low was broken soon after the open but following a very brief test of the 1870 Support, see chart, ES rallied strongly. The rally was following oil higher and the fact that Sellers were active intraday and the Value Area was lower […]

Technical analysis – Market pre-open 3rd February 2016 Immediately after Tuesday’s open ES printed below Monday’s session low (1912.50) which negated any ST positive implications of that green-at-top high, see yesterday’s comments. Aggressive Selling was marked. A green-at-top day followed by a red-at-bottom day are rare and reflects the current volatility. Overnight ES briefly probed […]

Technical analysis – Market pre-open 2nd February 2016 See previous comments. On Monday Aggressive Buying was marked again but the Value Area was narrower and Volume was below average. If ES prints below Monday’s session low (1912.50) post-open today then any ST positive implications of that green-at-top high would be negated and pre-open ES prints […]

Technical Analysis – Market pre-open 1st February 2016 See Friday’s highlighted comments. The ST analysis improved last week. ES held minor poc at 1886.50 on Friday and we saw a strong end to the week. Friday closed above Mon-Wed Hi-Lo range and the weekly bar was higher which gives the first positive weekly structure since […]