Pre-open Friday 25th September
ES did struggle to print above 1062.5 early in the session and that implied weakness. The day session high was 1062 which was also just below the low of Wednesday’s Value Area. And that’s a change because for the last sixteen days price below the previous day’s Value Area had been taken as opportunity by the Buyers (typical of a strong uptrend).
I have yet to mark a day of Effective Selling but control may well be shifting away from the Buyers here.
from pre-open comment Monday 21st September >>I’m gauging the significance of the Sellers Activity by whether they are able to auction ES below 1042 (poc support).<<
Pre-open ES has traded back down to this area. Next level of significant Poc support is at 1024.5.
