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Thursday was a very constructive day and Friday generated a higher Value Area. ES has stalled at the 4month VAH (Value Area High) which currently at 4467 (dashed line on chart). The more time printed at, or close to 4467, the greater the chance ES is … [Continue reading]

There are two Significant levels to watch, 4392 and 4353. Monday's Value Area was generated below 4393 and Tuesday's VA below 4353. Bulls would want to see 4392 recovered asap, this is a weak position. In the ST (today) price relative to 4334.40 … [Continue reading]

On Friday I wrote that ES needed to hold 4353 (the 4mn control) to "retain its strong position (unless control moves again)". The control has moved again - now at 4392. That is currently Resistance - with Support at 4353. Overnight there was a … [Continue reading]

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]