posted 9.29 a.m. est Pre-open Wednesday 30th June Aggressive Selling was marked on Tuesday. A red-at-bottom low usually gets tested the following day. Note the gap left yesterday. First Level Resistance is 1073. I cannot consider the long side until I mark Effective Buying above that level. ST Sentiment: My version of the Rydex Assets […]
Archives for June 2010
webcast 29th June
webcast 29th June
S&P 500 emini pre-open Tuesday 29th June
posted 9.04 a.m. est Pre-open Tuesday 29th June I said pre-open yesterday that if the 30 day poc migrated lower to 1073 it “would indicate a test of last week’s low at 1062.75 and most likely a test of the May low at 1032.75”. During Monday’s session the poc did migrate down to that level […]
S&P 500 emini pre-open Monday 28th June
posted 9.26 a.m. est Pre-open Monday 28th June Long positions are eliminated for me because the ChartProfit Market Timing system (weekly) stayed negative (red) for the eighth consecutive week. Last week was a “Monday-high-Friday-low” reversal bar with the high of the week on many indices at 1/2R off the April high. That’s a negative technical […]
S&P 500 emini pre-open Friday 25th June
posted 9.16 a.m. est Pre-open Friday 25th June You will notice that the resistance levels I’ve been posting this week (highlighted on graphic) have been very close to the highs each day. This is a clear indication of dayframe downtrend. Summary: CP market timing system (weekly) remains negative. Last imbalance was Selling (red). And this […]
S&P 500 emini pre-open Thursday 24th June
posted 9.26 a.m. est Pre-open Thursday 24th June On Wednesday there was a single probe above the 1094 poc in the p.m. which was immediately rejected. This emphasises the validity of this level. Dayframe: weakness in the ST would be indicated if ES struggles to print above 1081 (dotted) which is the 1/2R off the […]
S&P 500 emini pre-open Wednesday 23rd June
posted 9.28 a.m. est Pre-open Wednesday 23rd June There were two failed price probes above the 20dy poc at 1111 on Tuesday. This rejection was followed by a swift decline to test the 1094 poc support taking out Tuesday’s red-at-bottom low as the stats tell us happens 80% of the time. First Level S/R today […]
webcast 18th June
webcast 18th June
S&P 500 emini pre-open Tuesday 22nd June
posted 9.27 a.m. est Pre-open Tuesday 22nd June Longframe: Indices including SP500, R2000, NasdaqComp, NyseComp found resistance at the 1/2R levels from the April high. ES 1/2R from April high is 1122.12 (dotted). LT investors would want to see major charts printing above these levels. ES: Selling was marked (red-at-bottom) but the Value Area was […]
S&P 500 emini pre-open Monday 21st June
posted 9.30 est Pre-open Monday 21st June Longframe: Long positions are eliminated for me because the ChartProfit Market Timing system stayed negative (red) for the seventh consecutive week. However the last daily imbalance was Buying (green) – see chart and last week’s structure was bullish, i.e. low on Monday and high on Friday. Dayframe: Useful […]