posted 9.07 a.m. est Pre-open comment Wednesday 8th June Monday’s red-at-bottom low was tested on Tuesday and Aggressive Selling (red-at-bottom) was marked again. I thought that Responsive Buyers might appear around 1280 and although ES has stalled here there has been no Significant Buying activity marked. LT indicators are negative as discussed but in the […]
Archives for June 2011
S&P 500 emini pre-open Tuesday 7th June
posted 9.28 a.m. est Pre-open comment Tuesday 7th June I marked Aggressive Selling on Monday, auctioning ES down to a low just above 1280 – a level that I thought might be attractive to Buyers (see yesterday’s pre-open comments). Overnight ES has rallied a little but stats suggest Monday’s red-at-bottom low will be tested today […]
S&P 500 emini pre-open Monday 6th June
posted 9.02 a.m. est Pre-open comment Monday 6th June Last week I marked two instances of Significant Selling and no Significant Buying. Friday closed almost at the low for the week. The VA for the (short) week as a whole was wider/overlapping the previous week’s VA. Breadth is not supportive. The Chartprofit Market Timing System […]
S&P 500 emini pre-open Friday 3rd June
posted 9.29 a.m. est Pre-open comment Friday 3rd June I suggested yesterday that further weaknes is likely “at least a further test of the 50dyVAL.. .at 1298” – 50dyVAL stays at 1298 and pre-open today has been tested following the release of disappointing jobs data. A previous test of the 50dyVAL brought a Response from […]
S&P 500 emini pre-open Thursday 2nd June
posted 9.23 a.m. est Pre-open comment Thursday 2nd June On Wednesday there was both Responsive and Aggressive Selling marked. The Value Area was lower and wider so this is Effective Selling. Long Trades eliminated for me until Significant Buying is marked again and at current levels that would need to be above 1327. The CP […]