posted 08.48 a.m. est Pre-open comment Wednesday 29th January See previous comments. No Significant Buying marked for nine days. Dayframe: Very minor poc (5day) at 1786. Possibly a useful level to monitor for intraday traders. Pre-open ES prints below this level in a very weak price location. Stock index ETFs Key charts: SPY has broken […]

posted 09.14 a.m. est Pre-open comment Tuesday 28th January see yesterday’s comments. Friday’s (red-at-bottom) low was tested on Monday. No Significant Buying marked for eight days. Stock index ETFs Key charts: SPY has broken below 179.39, its 4mn poc. IWM is currently printing just above 110.87, its 4mn poc. If IWM breaks below 110.87 it […]

posted 09.10 a.m. est Pre-open comment Monday 27th January Weekly structure: SPY closed on Friday below the Mon-Fri Hi-Lo range which indicates Sellers Active on this timeframe. Friday’s session generated another Value Area below the 1835.50 poc. Aggressive Selling (red-at-bottom) was marked – these are usually tested within a day (or two). In the last […]

posted 08.40 a.m. est Pre-open comment Friday 24th January See previous highlighted comments. Thursday’s session generated a Value Area entirely below the 1835.50 poc which isn’t encouraging. As the 4mn poc recently migrated up to this price, Significant Selling marked below this level would be a clear indicator of weakness. Bulls would hope for a […]

posted 08.05 a.m. est Pre-open comment Thursday 23rd January See Wednesday’s highlighted comments. Pattern of uptrend is 1) poc migrates higher, 2) new poc provides Support. That’s why I wrote yesterday re the 1835.50 poc, “ST Bulls would want to see intraday Support rather than Resistance in this area of price.” You can see from […]

posted 09.26 a.m. est Pre-open comment Wednesday 22nd January I wrote pre-open yesteday that “Currently ES is finding value at 1835.50” and you can see that during Tuesday’s session the most time (poc) was spent at this price. In fact enough was spent there to lift the 4mn poc to this level (see highlighted comments […]

posted 08.12 a.m. est Pre-open comment Tuesday 21st January Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Friday. If ES prints 1840 or higher during today’s session it will negate the ST negative implications of that imbalance and as of two hours pre-open today has printed as high as 1842.25. Currently […]

posted 09.01 a.m. est Pre-open comment Friday 17th January Thursday’s session generated another Value Area printed entirely above the 1835.50 poc Support which held (see chart). One hour pre-open chart prints close to that level but only Significant Selling marked below 1803.50 (4mn poc) would be a concern in the LT. First Level S/R = […]

posted 08.38 a.m. est Pre-open comment Thursday 16th January Wednesday’s session generated a gap higher Open and a Value Area printed entirely above the 1835.50 poc. As long as ES can now hold this level (and despite extreme Sentiment readings, see below) it would suggest development up to 1865. Only Significant Selling marked below 1803.50 […]

posted 08.53 a.m. est Pre-open comment Wednesday 15th January Pre-open last Thursday I wrote “In the last six days we have had an Aggressive Buying imbalance and a Responsive Selling imbalance, both of which did not see follow-on Buying/Selling. This usually indicates a poc of some importance (i.e. currently most important) is emerging somewhere in […]