Technical analysis – Market pre-open 15th September The minor (32dy) poc has migrated to 1954.00. I want to see Significant Buying marked above that level before considering new longs. Price below this level is weak location. Major Resistance = 1978.50 (1/2R off this year’s high) Potential Support/Resistance today = 1954.00 (32dy poc|) Major Support = […]

Technical analysis – Market pre-open 14th September Mid-week ES probed the 1978.50 1/2R Resistance but price above this level was rejected. The minor Support at 1933.00 subsequently held (see chart) but time printed below this level would be weaker price location and Significant Selling marked below that level would indicate further weakness. Major Resistance = […]

Pre-open Friday 11th September On Wednesday, ES opened above the 1978.50 1/2R Resistance but price was rejecetd above this level. The minor Support at 1933.00 held (see chart) but time printed below this level would be weaker price location and Significant Selling marked below that level would indicate further weakness. Major Resistance = 1978.50 (1/2R […]

Technical Analysis – Market pre-open 10th September 2015 See previous, highlighted, comments on graphic. On Wednesday, ES opened above the 1978.50 1/2R Resistance but price was rejecetd above this level and sold-off to close just above the minor Support at 1933.00, which has been probed pre-open today. Time printed below 1933.00 is weaker location and […]

Pre-open Wednesday 9th September The market has rallied from the deeply bearish Sentiment levels seen at the end of last week which means the Resistance levels on the Stock Index charts, see below, will likely come into play. Breadth, see below, still needs to improve to be supportive but price printing time above these levels […]

Technical analysis – Market pre-open 8th September 2015 There is significant Resistance on the Stock Index charts, see below, which may come into play this week if market rallies. Volatility remains high and pre-open today ES is higher and has retraced all of Friday’s decline. Breadth and price momentum still need to improve to be […]