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Technical Analysis - Market pre-open 4th January 2016 Last week I marked Significant Buying once (Tuesday) and Significant Selling twice, later in the week. We have been monitoring the minor (23day) poc at 2052 (see previous comments) and on … [Continue reading]

Technical analysis - Market pre-open 31st December 2015 Volume is thin and Value Areas are narrow. Therefore the Buying and Selling imbalances are most likely unreliable. I marked Aggressive Selling on Wednesday but ES held above 2052, the minor … [Continue reading]

Technical analysis - Market pre-open 29th December 2015 Monday generated a lower, narrow, Value Area on low Volume. Pre-open today ES is printing above 2060 and as long as it holds above 2043.00 (1/2R) it is in a strong price … [Continue reading]

Technical analysis - Market pre-open 24th December 2015 Wednesday generated a higher, narrower Value Area on low Volume. Pre-open today ES is printing above 2043 (1/2R). Breadth numbers remain below 50, see below, but momentum (PriceOsc) although … [Continue reading]

Technical analysis - Market pre-open 21st December 2015 Price action was poor at the end of last week. Thursday saw a test of the previous day's low negating any ST positive implications of Wednesday's Aggressive Buying and ES finished the session … [Continue reading]