Archives for November 2010

posted 9.27 a.m. est Pre-open Friday 5th November Thursday session gapped up and held the higher levels with a strong close.  Even in the minor timeframe ES is still finding support at the first, obvious levels – i.e. 1178 on Wednesday and pre-open today at yesterday’s poc (see below). Dayframe: Micro S/R = 1213 (dotted).  […]

posted 9.28 a.m. est Pre-open Thursday 4th November Wednesday’s Value Area was overlapping/wider and once again held in the area of 1190 which was the level that previously attracted Responsive Selling.  A volatile day (although not so much as some were expecting).  There was a probe down to just above the First Level Support at […]

posted 9.28 a.m. est Pre-open Wednesday 3rd November Tuesday’s Value Area was very narrow but held in the area of 1190 which was the level that previously attracted Responsive Selling.  Acceptance at this higher level would usually be a bullish indication but let’s be honest the market is marking time here ahead of the announcement […]

posted 9.27 a.m. est Pre-open Tuesday 2nd November On Monday I marked Responsive Selling (red-at-top) again above 1190.  There was a probe below the 1178 poc in the p.m. but a late rally closed it back above that important level.  Dayframe: Pre-open today ES has once again probed above 1190 –  acceptance (time) above that […]

posted 9.22 a.m. est Pre-open Monday 1st November Last week I marked two instances of Significant Responsive Selling (red-at-top) and one instance of Significant Responsive Buying (green-at-bottom). The 30dy poc migrated higher last week to 1178.  That’s the First Level support at the start of this week.  Longframe: Chartprofit Market Timing System stays positive for […]