Pre-open comment Monday 29th September See previous, highlighted, comments. Last week I marked Significant Buying twice and Significant Selling twice (on Wednesday). Wednesday was was an Ineffective Buying day (overlapping Value Area) and made its high at the (then) minor 1/2R (weak ST pattern). On Thursday ES broke below the level that had previously attracted […]

S&P 500 emini pre-open Friday 26th September posted 09.14 a.m. est See Wednesday’s highlighted comments. Wednesday’s Ineffective Buying day made its high at the minor 1/2R (weak ST pattern) and on Thursday ES broke below the level (1971) that had previously attracted Reactive Buyers. Breadth deteriorated again, Key charts print below their Key levels in […]

S&P 500 emini pre-open Thursday 25th September posted 09.27 a.m. est See yesterday’s highlighted comments. Tuesday’s red-at-bottom low was tested but Buyers immediately reacted (green-at-bottom). Later in the day Aggressive Buying was also marked (green-at-top). The Significant Buyers are active but not obviously Effective, Wednesday’s Value Area was overlapping. Currently Sellers are Reacting above 2007 […]

S&P 500 emini pre-open Wednesday 24th September posted 08.30 a.m. est I marked Aggressive Selling on Tuesday. These red-at-bottom lows are tested within a day (or two) 80% of the time. I’m not considering new longs unless 1) ES prints time back above the 1998.50 poc. 2) That poc migrates lower. 3) ES finds Support […]

S&P 500 emini pre-open Tuesday 23rd September posted 07.47 a.m. est The 50dy poc at 1998.50 was Support on Friday but was immediate Resistance after Monday’s open, see chart and yesterday’s highlighted comments. Breadth has been weak recently. The CP Market Timing System is negative for all US Market Charts and the %Stocks>50dyma for Nyse […]

S&P 500 emini pre-open Monday 22nd September posted 09.05 a.m. est Reactive Selling (red-at-top) was marked on Friday but ES found low at 1998.50, the 50dy poc. Value Areas on Thursday and Friday were generated entirely above the poc. Pre-open today ES has been printing below 1998.50 and Bulls would want a quick recovery back […]

S&P 500 emini pre-open Friday 19th September posted 09.12 a.m. est Dayframe: ES very briefly tested and rejected the 50dy poc at 1998.50 early in the session. Thursday’s Value Area was generated entirely above this level which is positive in the ST. Longframe: The levels around ES 2025 and SPY 202.5-203 are the next test […]

S&P 500 emini pre-open Thursday 18th September posted 09.02 a.m. est See yesterday’s comments. The VAH (Value Area High) for a minor distribution covering the last fifteen days is at 2003.00 (dashed). ES briefly tested that level on Wednesday. If ES cannot hold its strong price location above the 1998.50 poc the VAL of this […]

S&P 500 emini pre-open Wednesday 17th September posted at 09.22 a.m. est Both Reactive and Aggressive Buying was marked on Tuesday. Repeating what I wrote last Friday – In the longer timeframe this activity can be considered reactive because it took place below the 1998.50 poc. Even so, new short trades are eliminated for me […]