posted 9.29 a.m. et Pre-open comment Tuesday 15th November ES just about held above the bottom of the Support band (1244) during Monday’s day session but overnight has printed as low as 1234 (currently prints 1243 pre-open). EURUSD is a key chart at the moment and that chart has broken below its critical poc at […]
Archives for November 2011
S&P 500 emini pre-open Monday 14th November
posted 8.40 a.m. et Pre-open comment Monday 14th November Longframe:The Chartprofit Market Timing System is positive for all Major Market Charts. Friday closed within Mon-Wed range which does not indicate a bias. %Stock/50dyma numbers for both Nyse and Nasdaq are well above 50 which is supportive. Price location for the four index ETFs is strong […]
S&P 500 emini pre-open Friday 11th November
posted 9.17 a.m. et Pre-open comment Friday 11th November I gave 1st Level Support yesterday as 1224 (this has migrated) and the day session low came in at 1224.50. In the ST it’s encouraging when 1st Level Support holds. I also gave 1st Level resistance as 1249 which was approached overnight and has been probed […]
S&P 500 emini pre-open Thursday 10th November
posted 9.21 a.m. et Pre-open comment Thursday 10th November In the dayframe analysis here you can see Aggressive Buying marked on Tuesday and Aggressive Selling marked the following day (Wednesday). That’s a rare pattern. The Aggressive Selling (red-at-bottom) marked yesterday implies lower but in this highly volatile, news driven market it is safer to rely […]
S&P 500 emini pre-open Wednesday 9th November
posted 5.10 a.m. et Pre-open comment Wednesday 9th November Please note that my circumstances today dictate I write this at 5am ET. Market could look very different by 9am. ES currently 1251 as I write. I marked Aggressive Buying again on Tuesday – late in the day. On three out of the last four days […]
S&P 500 emini pre-open Tuesday 8th October
posted 5.10 a.m. et Pre-open comment Tuesday 8th November Strictly applying my own rules I had to mark Aggressive Buying on Monday but only just as ES probed the top of the 3day range. The Value Area was overlapping so this was not Effective Buying. Even so, ES is holding well above the 35dy poc […]
S&P 500 emini pre-open Monday 7th November
posted 8.35 a.m. est Pre-open comment Monday 7th November The Chartprofit Market Timing System stayed positive for all US Market Charts. UK went back to neutral. Dayframe: Overnight ES has probed up towards Resistance at 1249. The 30dy poc migrated higher last week to 1224. First sign of weakness at the start of this week […]
S&P 500 emini pre-open Friday 4th November
posted 9.29 a.m. ET Pre-open comment Friday 4th November Dayframe: ES found low on Thursday at 1st Level Support which is encouraging. I also marked Aggressive Buying (green-at-top) which is usually a positive in the ST. My minor concern on the dayframe is the fact that there has been an abscence of Sellers for three […]
S&P 500 emini pre-open Thursday 3rd November
posted 9.29 a.m. et Pre-open comment Thursday 3rd November ES has so far held 1/2R Support at 1214.50 but I have not marked Significant Buying since the Selling three days ago. The LT analysis still looks supportive but Buyers active on this timeframe would give more confidence. 1st Level Support = 1231 (minor poc) 2nd […]
S&P 500 emini Wednesday 2nd November
posted 9.45 a.m ET Post-open comment Wednesday 2nd November ES has not convincingly broken the 1/2R Support at 1214.50 but also there has been no convincing Response from the Buyers. Should the 1214.50 Support be broken I would be very cautious and if Significant Selling is marked below that level I would expect more weakness. […]