Pre-open Monday 21st September
I marked three instances of Significant Buying last week and one of Significant Selling. ES tested the 1070 level early in Thursday’s session where it met with a Significant Response from the Sellers. As I mentioned pre-open Thursday, 1070 may be a problem for ES.
I’m gauging the significance of the Sellers Activity by whether they are able to auction ES below 1042 (poc support). If control is shifting away from Buyers they will have a problem printing ES above poc resistance at 1062.5.
Note: No Effective Selling seen yet.
