Technical analysis – Market pre-open 13th January 2016 See previous comments. Pre-open yesterday I wrote re recent price action “whenever Sellers are active intraday they are effectively generating lower Value Areas”. During yesterday’s session Sellers were active intraday, see highlighted numbers, but a higher/overlapping Value Area was generated which means they were Ineffective in the […]

Technical analysis – Market pre-open 12th January See previous comments. Sellers have been (and most likely still are) in contraol of the dayframe. The recent red-at-bottom lows have all been tested the following day and whenever Sellers are active intraday they are effectively generating lower Value Areas. However, as I wrote yesterday, the market is […]

Technical analysis – Market pre-open 11th January 2016 See previous comments. Value Areas on Thursday and Friday were printed entirely below 1965.25 (1/R off last year’s high). This is weak price location. The breadth numbers, see below, are at levels that often suggest the market is oversold and ready for a bounce. At current levels […]

Technical analysis – Market pre-open 8th January 2016 See previous comments. Thursday’s session opened sharply lower and an early probe up into First Level Resistance at 1965.25 (1/R off last year’s high) was rejected. The Value was generated below this level. Pre-open today ES has printed back up towards this level. Second Level Resistance = […]

Technical analysis – Market pre-open 7th January 2016 See previous highlighted comments. ES has weakened sharply overnight and pre-open is printing below 1965.25 (1/R off last year’s high) which is now First Level Resistance. Note that Intraday Net Buying Volume numbers (highlighted) for the first three days this week were all positive and yet the […]

Technical analysis – Market pre-open 6th January 2016 See yesterday’s highlighted comments. Tuesday generated a higher Value Area but overnight ES weakened again and as of thirty minutes pre-open has printed as low as 1971.25. I would want to see Significant Buying (green) marked before considering the long side on any timeframe. See Support level […]

Technical Analysis – Market pre-open 4th January 2016 Last week I marked Significant Buying once (Tuesday) and Significant Selling twice, later in the week. We have been monitoring the minor (23day) poc at 2052 (see previous comments) and on Thursday an early probe up into this level was rejected with the Value Area generated entirely […]

Technical analysis – Market pre-open 31st December 2015 Volume is thin and Value Areas are narrow. Therefore the Buying and Selling imbalances are most likely unreliable. I marked Aggressive Selling on Wednesday but ES held above 2052, the minor poc.  See Key Chart IWM, below. Dayframe: the minor (22day) poc is at 2052.00. Price relative […]

Technical analysis – Market pre-open 30th December 2015 Buyers were active on Tuesday and generated a higher Value Area. As long as ES holds above 2043.00 (1/2R) it is in a strong price location. Price around 2067 may attract time. Dayframe: the minor (22day) poc is at 2052.00. Price relative to this level may be […]

Technical analysis – Market pre-open 29th December 2015 Monday generated a lower, narrow, Value Area on low Volume. Pre-open today ES is printing above 2060 and as long as it holds above 2043.00 (1/2R) it is in a strong price location. Dayframe: the minor (21day) poc is now at 2052.00. Price relative to this level […]