webcast 31st August
Archives for August 2010
S&P 500 emini pre-open Tuesday 31st August
posted 9.27 a.m. est Pre-open Tueday 31st August I marked Aggressive Selling on Monday but this was Ineffective (Value Area was overlapping/narrower on less Volume). ES failed again on Monday to overcome the 1/2R off July low at 1065.25. Dayframe: The last imbalance is now Selling (red) and that eliminates new long trades for me. […]
S&P 500 emini pre-open Monday 30th August
posted Saturday 28th August Pre-open Monday 30th August There was an obvious Response from the Buyers last week – as anticipated at the start of the week. I marked four instances of Significant Buying (green) and one instance of Significant Selling. Last week’s price action has lowered the VAL (from start May) to 1053. If […]
S&P 500 emini pre-open Friday 27th August
posted 9.29 a.m. est Pre-open Friday 27th August Yesterday’s highlighted comments in graphic are relevant. dayframe: First Level S/R today is 1049.25 (1/2R off Wednesday’s low). Pre-open ES has found resistance here. LT Sentiment: Bears outnumbered Bulls this week in the AAII (public poll) by 2 to 1. This further reinforces the idea that downside […]
webcast 24th August
released for subscribers earlier in the week webcast 24th August
webcast 24th August
webcast 24th August
S&P 500 emini pre-open Thursday 26th August
posted 9.25 a.m. est Pre-open Thursday 26th August Longframe: Long positions still eliminated for me. Dayframe: The last imbalance is now Buying (green) and that eliminates new short trades for me. However until ES manages to print some value above 1065.25 (1/2R off July low) I remain cautious about being long. Wednesday saw Responsive Buyers […]
S&P 500 emini pre-open Wednesday 25th August
posted 9.25 a.m. est Pre-open Wednesday 25th August Early in Tuesday’s session I had hopes that by the close I would be marking Significant Buying but in fact the close was to weak to allow that. The last imbalance remains Responsive Selling (red-at-top) on Monday. 1065.25 is the most important level (1/2R off July low). […]
S&P 500 emini pre-open Tuesday 24th August
posted 9.27 a.m. est Pre-open Tuesday 24th August see yesterday’s comments highlighted above. ES spent just enough time at 1073 on Monday for the minor poc (August) to migrate lower to this level. As I wrote yesterday “this would most likely be ST negative”. Pre-open ES is printing below 1058, the VAL from start May. […]
S&P 500 emini pre-open Monday 23rd August
posted 9.29 a.m. est Pre-open Monday 23rd August Longframe: The Chartprofit Market timing system remained negative for the sixteenth consecutive week. The market is most likely in ranging mode. Sentiment indicators are mostly unhelpful at the moment but Mutual Fund Assets indicators suggest that downside is limited. e.g. amgdata.com reported Equity Fund Outflows last week […]