>>from pre-open comment Wednesday 24th June
Following Monday’s Effective Selling activity, Ineffective Buying activity confirms that Sellers are in control of the dayframe.
There may be a bounce here but I’m not interested in the long side now unless I mark Effective Buying activity above 907.5 and frankly I’m not expecting to see that anytime soon. As I wrote a week ago >>I believe the best strategy now is Sell Rallies rather than Buy Dips<<
Pre-open Thursday 25th June
No Significant Buying or Selling activity marked on Wednesday. Pre-open today there was a probe just above the First level S/R at 907.5 which was quickly rejected at the 60minute upper channel. That’s not good price action. ES curently trading at 891, the pre-open low.
