Technical analysis – Market pre-open 24th November 2015 ES probed the 2094 Resistance (major poc) late last week and has stalled with the last three Value Areas being narrow on below-average Volume. This could be Buyers Resting looking for a response from the Sellers but until price prints time above the 2094 Resistance I will […]

Technical analysis – Market pre-open 23rd November 2015 On Tuesday and Thursday last week Sellers were active intraday but were not Effective as both days generated higher Value Areas. Buyers were more successful and ES rallied throughout the week to probe the 2094 Resistance (major poc) on Friday. Price printing time above this level would […]

Technical analysis – Market pre-open 20th November 2015 Sellers were active intraday on Thursday but, similar to Tuesday, they were not Effective, generating a higher but very narrow Value Area. The VA was printed entirely above the 2063.00 poc and as long as ES holds above this level it is in a strong price location. […]

Technical analysis – Market pre-open 19th November 2015 On Wednesday ES found Support at 2054, the minor 1/2R and rallied to print more time at the 2063.00 poc. The Value Area was centred around this level and a VA printed entirely above this price (now Support) would be a further positive. Aggressive Buying (green-at-top) was […]

Technical analysis – Market pre-open 18th November On Tuesday ES rallied further to briefly probe our First Level Resistance at 2063.00. Chart declined from there to close near the low of the day. Sellers were active intraday but the Value Area was generated higher, so, like the Buying on Monday, this was not an Effective […]

Technical analysis – Market pre-open 17th November 2015 On Monday buyers were active intraday. The rally was impressive and 2054, the very minor 1/2R off the recent high, has been probed pre-open today. The Value Area was only overlapping/”outside”, on less than average Volume and I would prefer to see a more Effective session from […]

Technical analysis – Market pre-open 16th November Please read previous highlighted comments. I wrote in last Monday’s pre-open “Sellers have an opportunity at the start of this week – let’s see if they make a mark”. AS it turned out Aggressive Selling was marked twice last week and Thursday’s and Friday’s Value Areas were printed […]

Technical analysis – Market pre-open 13th November 2015 Please read previous highlighted comments. In Thursday’s session a probe into the 5mn poc at 2063 was rejected and ES sold off. The Value Area was generated entirely below that level which is an indication of weakness and Aggressive Selling was marked. These red-at-bottom lows are tested […]

Technical analysis – Market pre-open 12th November 2015 Wednesday was a net Selling day but like the intraday Buyers on Tuesday (see yesterday’s comments) the Selling was not Effective as the Value Area was overlapping/higher. No Significant Buying (green) or Selling (red) has been marked for seven days. Time printed below 2063 would indicate further […]

Technical analysis – Market pre-open 11th November 2015 Buyers were active intraday during Tuesday’s session. The Value Area was narrow and “inside” the previous VA so not a convincingly Effective session for the Buyers. Even so, the 5month Support at 2063 has held and ES is not in a weak position unless that level is […]