posted 09.14 a.m. est Pre-open comment Tuesday 25th February Monday’s Value Area was generated entirely above 1835.50, the 6mn poc, see yesterday’s highlighted comments. First Level Support = 1835.50 (6mn poc) Second Level Support = 1792.00 Stocks>50dyma numbers: Nyse 62% (from 58%), Nasdaq 59% (from 56%), R2000 57% (from 53%). Numbers >50 are considered supportive. […]

posted 07.52 a.m. est Pre-open comment Monday 24th February Last week Aggressive (but Ineffective) Selling was marked on Wednesday with Buyers Responding immediately on Thursday to a test of that red-at-bottom low. ES was auctioned quickly back to the 1835.50 poc and two hours pre-open today it prints above that level. Buyers are still in […]

posted 08.10 a.m. est Pre-open comment Friday 21st February Following Wednesday’s Aggressive but Ineffective Selling, the red-at-bottom low was tested on Thursday. Buyers Responded immediately, quickly auctioning ES back to the 1835.50 poc, see previous highlighted comments. In the last three weeks I have marked Significant Buying eleven times and Significant Selling once. The first […]

posted at 06.00 a.m. est Pre-open comment Thursday 20th February On Wednesday I marked Aggressive Selling for the first time in eleven days. These red-at-bottom lows are tested within one or two days, 80% of the time. The Value Area was overlapping so this cannot be called Effective Selling but even so, new long trades […]

posted 09.10 a.m. est Pre-open comment Wednesday 19th February One week ago the 6mn poc migrated down from 1835.50 to 1792.00. Enough time was spent at 1835.50 yesterday to migrate the poc back to that level. With the dayframe imbalances indicating that Buyers are Active and Effective the analysis remains positive in the near term […]

posted 09.00 a.m. est Pre-open comment Monday 17th February Friday closed above Mon-Wed Hi-Lo Range indicating Buyers Active for the second week on this timeframe. On Monday last week the six month poc migrated to 1792 followed by four Value Areas printed entirely above this level which is a bullish pattern. As long as ES […]

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posted 09.09 a.m. est Pre-open comment Friday 14th February Dayframe: Over the last seven sessions I have marked Significant Buying six times and no Significant Selling. On Thursday Buyers Responded (green-at-bottom) to a weak open and later in the session Aggressive Buying was also marked (green-at-top). The session generated a third Value Area entirely above […]

posted 08.50 a.m. est Pre-open comment Thursday 13th February Wednesday’s session generated a second Value Area entirely above 1792, the newly migrated 6mn poc. As long as ES holds above this level it is in a strong price location. ES First Level Support = 1792.00 (6mn poc) Stock index ETFs: Key chart is Small Caps […]

posted 08.22 a.m. est Pre-open comment Wednesday 12th February I marked Aggressive Buying (green-at-top) again on Tuesday. The session generated a Value Area entirely above 1792, the newly migrated 6mn poc. As long as ES holds above this level it is in a strong price location. ES First Level Support = 1792.00 (6mn poc) Stock […]