Technical analysis – Market pre-open 29th September 2015 Please read previous highlighted comments. On Monday I marked Aggressive Selling for the first time since the start of September. These red-at-bottom lows are tested within a day (or two) 80% of the time. ES is in a weak price location but there is Support at 1865.00, […]

Technical analysis – Market pre-open 28th September 2015 Please read previous highlighted comments. On Friday the 50day poc migrated down to 1932.00 and this is now First Level Resistance. Pre-open today ES is printing below 1917.50, the 1/2R off Aug low, in a weak price location. Price relative to this level at the start of […]

Technical analysis – Market pre-open 25th September 2015 See yesterday’s highlighted comments. During Thursday’s session ES recovered back above 1917.50, the 1/2R off Aug low and overnight has rallied as high as 1951.00 with Resistance at 1954.00 (48day poc). As I wrote on Wednesday “the longer ES spends below 1954 the more likely it is […]

Technical analysis – Market pre-open 24th September 2015 Please read previous, highlighted comments first. Pre-open today ES has broken the 1/2R Support at 1917.50. Also note that for the SPX index the equivalent level (1/2R from the Aug low) is at 1944.00. I am using these levels to guage strength/weakness in the ST. Even though […]

Technical analysis – Market pre-open 23rd September 2015 See previous, highlighted, comments. Our First Level Support at 1917.50 held Tuesday’s session low. Overnight ES has tested below that Support but has rallied and pre-open is printing above 1935. Looking at the current distribution (which began on Aug 19th imo) the poc is at 1954.00, the […]

Technical analysis – Market pre-open 22nd September 2015 See previous, highlighted, comments. Monday generated a second Value Area below 1971.00, the 1/2R Resistance off this year’s high. Like Friday, ES printed more time at the 1954.00 poc during the session and as I wrote on Monday, price relative to this level is important and subsequent […]

Technical analysis – Market pre-open 21st September Note: we are now following the ES December contract. Last week’s profiles have been adjusted to Dec. Also note that the 1/2R off this year’s high based on the Dec contract is 1971.00 and this is Resistance at the start of this week. If ES can print time […]

Technical analysis – Market pre-open 18th September Note: this was posted at 4.30 et. If ES holds above 1978.50, the Major 1/2R Support, it will be strong price location. But with Thursday’s spike up to 2020 and the strong rejection at that level, there is a high chance that ES will want to test the […]

Technical analysis – Market pre-open 17th September On Monday the minor poc migrated to 1954.00 and subsequently provided Support on Tuesday with Aggressive Buying being marked.. That’s positive price action. On Wednesday ES found Support at 1978.50, the 1/2R off this year’s high, with Aggressive Buying being marked again. 1978.50 is now Major Support and […]

Technical analysis – Market pre-open 16th September See yesterday’s, highlighted, comments. I wrote that the newly migrated minor poc at 1954.00 could provide Support or Resistance on Tuesday. It turned out to be clear Support off the open and this proven must continue to hold. Price below this level would be weak location. I marked […]