posted 9.28 a.m. edt Pre-open comment Wednesday 3rd August Aggressive Selling marked again on Tuesday. These red-at-bottom lows are usually tested within one or two days. Technically, the market is reaching oversold, e.g. the SPX RSI(14) recorded its lowest level in more than a year as the SP500 tested its June low. But, note that […]
Archives for August 2011
webcast 2nd August
webcast 2nd August
S&P 500 emini pre-open Tuesday 2nd August
posted 9.29 a.m. edt Pre-open comment Tuesday 2nd August Monday pre-open there was a rejeceted price probe above the major poc at 1308; also SPY was rejected above 131.23. This was followed by Sellers Responding (red-at-top) immediately the session opened. Pre-open today ES has probed as low as 1266. Dayframe: repeated comment from yesterday = […]
S&P 500 emini pre-open Monday 1st August
posted 9.27 a.m. edt Pre-open comment Monday 1st August Longframe: Chartprofit Market Timing System remained negative. %Stocks>50dyma below 50% for all major charts. Breadth is not supportive. Weekly Structure is weak. Six days ago there was a rejected probe above the LT VAH at 1343 (currently still at this level) and on Friday there was […]