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Overnight the S&P 500 e-mini printed as low as 2041.25, found Support and auctioned higher and as of ninety minutes pre-open has printed as high as 2053.  As I keep writing, 2041 is the important level and Bulls would want to see that level hold. … [Continue reading]

emini S&P 500 Technical analysis - Stock market pre-open 23rd May 2016 Most important is price relative to the poc at 2041. On Thursday a Value Area was generated below 2041 but Friday's VA was above that level. Obviously we would rather see … [Continue reading]

Technical analysis - Market pre-open 20th May 2016 Most important is price relative to the poc at 2041. On Thursday ES opened below that level and there was an early sell-off which recovered. Pre-open today chart prints above that level which once … [Continue reading]

Technical analysis - Market pre-open 18th May 2016 See yesterday's highlighted comments. Both Significant Buyers and Sellers have been active over the last few days without either gaining control of the dayframe. Overlapping Value Areas have been … [Continue reading]

Pre-open Monday 16th May ES finished the week near the low and during Friday's session again tested the 2041 poc Support. Aggressive Selling (red-at-bottom) was marked but in the longer timeframe this Selling can be called Reactive because it has … [Continue reading]