Pre-open Friday 11th September
On Thursday ES found support at 1027.5 – above the poc support mentioned pre-open. Aggressive Buyers were active again (green at top) generating an overlapping/higher, wider Value Area on increased volume. That’s Effective Buying. That’s five consecutive up days (higher highs, higher lows) and for the last four days very little time has been spent below the previous day’s poc. That’s strong uptrend. Thursday’s poc was 1041.5.
Pre-open ES has been as high as 1046
Read yesterday’s underlined comments on the graphic.
