Technical analysis – Market pre-open 27th October 2015 Please read previous highlighted comments. A very quiet day on Monday with low Volume and a narrow “inside” Value Area generated ahead of the Fed meeting. As long as ES holds above 2020.50 it is in a strong price location. Last week 2070 was probed on Friday, […]

Technical analysis – Monday 26th October 2015 Please read previous highlighted comments. ES closed strong for the week having probed above 2070 on Friday, a level where I suspect the current distribution will become stretched. Acceptance of price around 2070 would be a further positive. The disparity between the performance of Large Caps and Small […]

Technical analysis – Market pre-open 23rd October 2015 See yesterday’s highlighted comments. We had four days of overlapping Value Areas where Sellers were offered opportunity. Buyers, encouraged by the lack of response from the Sellers re-emerged on Thursday. ES opened just above First Level Support and immediately auctioned higher, breaking out to a new high […]

Technical analysis – Market pre-open 22nd October 2015 Following two days of Ineffective Selling in the middle of last week Buyers (green) auctioned ES higher and price has been ranging since then between 2010 and 2030 generating overlapping Value Areas. Volume has fallen off and VAs have narrowed but Sellers have not made a mark […]

Technical analysis – Market pre-open 21st October 2015 Buyers have been active over the last four days. This week has generated overlapping Value Areas with price printing enough time at 2020.50 to lift the minor poc to this level which is now First Level Support. In fact, overnight that has been the exact low following […]

Technical analysis – Market pre-open 20th October Monday’s session generated the ninth Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a strong price location. Buyers Reacted to an open below Friday’s Value Area and immediatley auctioned ES higher. If price should print 2014.25 today […]

Technical analysis – Market pre-open 19th October Friday’s session generated the eigth Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a strong price location. Aggressive Buying (green-at-top) was marked for the second time in the week. Sellers were Active on Tuesday and Wednesday but […]

Pre-open Friday 15th October Thursday’s sessioin generated the seventh Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a strong price location. Aggressive Buying (green-at-top) was marked, see yesterday’s comments. The SP500 Pulse Chart looks much more positive and Large Cap charts (SPY, DIA) have […]

Technical analysis – Market pre-open 15th October 2015 Please read previous highlighted comments. Wednesday’s sessioin generated the sixth Value Area above 1971.00, the 1/2R off this year’s high and ES must hold this Support to remain in a ST strong price location. Strictly applying my rules I had to mark Aggressive Selling on Wednesday for […]

Technical analysis – Market pre-open 14th October 2015 On Tuesday I marked Significant Selling for the first time in eleven days. This was an “outside” day with a Value Area overlapping the VA of the previous day so this was not convicingly Effective selling but my rules say that new longs are now eliminated for […]