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Pre-open comment Monday 15th June Note: this week I will switch to the September contract. Last week the 10mn poc migrated to 2107.00 but time spent at 2095.50 is almost the same and so I will monitor both levels as Time Support/Resistance. … [Continue reading]

Pre-open comment Friday 12th June As anticipated, the 10mn poc has migrated to 2107.00. This is now the level to monitor and Bulls would want to see time printed above this level. More in webcast. Key Chart SPY found Support on Tuesday close to … [Continue reading]

Pre-open comment Thursday 11th June See Wednesday's highlighted comments. Following Tuesday's test of the 4mn VAL (dashed line) ES rallied sharply on Wednesday indicating that the distribution which began in March is still valid (i.e. still … [Continue reading]

Pre-open comment Wednesday 10th June See Tuesday's highlighted comments. Tuesday generated a third consecutive Value Area below 2098.50, the 10mn poc. This is weak price location. Looking at the distribution within the current range (last four … [Continue reading]