posted 9.23 a.m. est Pre-open Monday 7th June Longframe: The CP Market Timing System was negative for the fifth consecutive week. Note that Friday’s weak close meant that last week’s structure was back to the bearish pattern of relative weakness at the end of the week. Dayframe: On Friday I marked Significant Selling (red-at-bottom). This […]
Archives for June 2010
S&P 500 emini pre-open Thursday 3rd June
posted 3.30 a.m. est Pre-open Thursday 3rd June Tuesday’s low was not tested on Wednesday (8 out of 10 times a red-at-bottom low is tested the following day). This lack of follow-through was also seen late last week when the Buyers failed to auction ES above the 10day Value Area (grey). Over the last four […]
webcast 1st June
webcast 1st June
S&P 500 emini pre-open Wednesday 2nd June
posted 9.30 a.m. est Pre-open Wednesday 2nd June All previous comments (highlighted on graphic) are relevant. Significant Selling marked again on Tuesday (red-at-bottom). Odds are that Tuesday’s low (1068.50) will be tested today. 1082 (25day poc) is First Level S/R. If ES is going to test the 1036.75 low then 1082 would most likely be […]
S&P 500 emini pre-open Tuesday 1st June
posted 8.20 a.m. est Pre-open Tuesday 1st June Price action on Thursday and Friday was centred close to 1094, the Major poc. Note also that the 25day poc at 1082 supported the price action. Following Significant Selling on Friday that level has now been broken and pre-open today ES has printed as low as 1069. […]