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Price action over the last six days has been very volatile but ES finds itself back above 4353 - the 4mn control migrated to that price on Tuesday. ES needs to hold that level to retain its strong position (unless control moves again). There is … [Continue reading]

Since early September we've seen ES responding negatively on minor timeframes as controlling prices migrate lower. Now that's happened on a higher timeframe - the 5mn migrated to 4353 yesterday and ES sold off. This clears the picture and I can now … [Continue reading]

At the RTH open on Thursday, ES briefly tested 4367 from below and then ran lower. On Friday that area of Resistance was still a problem, see chart. As I wrote pre RTH on Wednesday "Bulls want ES printing above that level". In the very minor … [Continue reading]

At the RTH open on Thursday, ES briefly tested 4367 from below and then ran lower. Pre-open 09/15, I wrote that there had been "a change in tone and one Bulls would want to see reverting". That bearish "tone" hasn't changed yet. ES has fallen again … [Continue reading]

The ST (15day) control has migrated lower to 4367. ES is printing very close pre-RTH. Bulls want ES printing above that level. Time below that price and we could see another run lower. Sentiment: my version of the Rydex Assets Ratio was slightly … [Continue reading]