I'd want to see price above 4396, the major controlling price, before considering new longs. … [Continue reading]
S&P 500 e-mini 28th February 2022
Possible Scenarios for S&P 500
Current situation:4396 is the major controlling price and ES remains in a weak position below that price. Possible development:If more time is spent in the shaded area around 4340 then the controlling price could potentially fall, e.g. if 4345 … [Continue reading]
S&P 500 rallies but still in weak position
Respecting the volatility I'd want to see ES printing above Support which it isn't right now. First obvious level is 4345 (25dy) which is currently Resistance. Above that, and more importantly, the major at 4396. Even then, I'd want Significant … [Continue reading]
another leg down for the S&P 500 e-mini
the major controlling price shifted to 4396 last week and subsequently ES couldn't print above it, a clear sign of weakness as described. No obvious Support - need more market generated information. … [Continue reading]
S&P 500 e-mini remains in a weak position
below the major controlling price Two most recent Value Areas have been generated entirely below 4396, the major controlling price, which I have said is a weak position. Where ES prints currently I am not looking at the the long side - it would … [Continue reading]
S&P 500 e-mini printed down to 4250
..has bounced but remains in weak position below the major control On Thursday the major poc migrated to 4396, see Friday's pre-RTH notes. I wrote "This is not necessarily a bullish or bearish development but price relative to that level is now … [Continue reading]
Important development in the e-mini S&P 500
Major reference level has moved The major poc has migrated higher from 4354, to 4396. This is not necessarily a bullish or bullish development but price relative to that level is now the focus, and critical. above/below = strong/weak on the longer … [Continue reading]
e-mini S&P 500 16th February 2022
The VAH, dashed line on chart, was probed last week and the week before - both rejected, see comments 2nd Feb, on chart. In Summary, ES has tested the VAH and now the poc at 4354, of the major distribution. Bulls would want to see that Support hold; … [Continue reading]
e-mini SP500 15th February 2022
Support at 4354 held so far. The VAH, dashed line on chart, was probed last week and the week before - both rejected, see comments 2nd Feb, on chart. In Summary, ES has tested the VAH and now the poc at 4354, of the major distribution. Bulls would … [Continue reading]
e-mini SP500 rejected at VAH has now tested the poc
The VAH, dashed line on chart, was probed last week and the week before - both rejected, see comments 2nd Feb, on chart. In Summary, ES has tested the VAH and now the poc, see below, of the major distribution. I've shown the price action since … [Continue reading]
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