posted 08.40 a.m. est Pre-open comment Friday 4th April The ST analysis is positive with ES holding above 1872.50 (28dy poc), Breadth numbers picking up, Momentum (PriceOsc) up for all four stock index ETFs and although Sellers were active throughout March they were Ineffective on the longer timeframe. Potential problems in the LT could be […]

posted 09.07 a.m. est Pre-open comment Thursday 3rd April The minor (27dy poc) migrated higher again to 1872.50. As long as ES holds above this level it is in a strong price location in the ST. Breadth numbers improved again, see below. SPY, IWM, QQQ ETFs now have Momentum (PriceOsc) heading up although still negative. […]

posted 07.38 a.m. est Pre-open comment Wednesday 2nd April On Tuesday I marked Aggressive Buying (green-at-top). New short trades are now eliminated for me at least until Significant Selling is marked again. As long as ES holds above 1864 (25dy poc) it is in a strong price location in the ST. Breadth numbers improved again, […]

posted 09.15 a.m. est Pre-open comment Tuesday 1st April Monday’s session generated a higher, narrower, Value Area. Enough time was spent at 1864 for the minor (25dy) poc to migrate to this level (down from 1872). As long as ES holds above this level it is in a strong price location in the ST. Breadth […]

posted 09.13 a.m. est Pre-open comment Friday 28th March In the last three weeks I have marked Significant Selling seven times and Significant Buying twice and yet there has been no obvious breakdown in price meaning Sellers have been active but so far ineffective on the longer timeframe. Support at the 1835.50 poc was briefly […]

posted 09.14 a.m. est Pre-open comment Friday 28th March Thursday’s session generated a lower, narrower Value Area. There was a brief probe into the Support. In the last three weeks I have marked Significant Selling seven times and Significant Buying twice and yet all daily Value Areas have been printed above 1835.50, the 6mn poc. […]

posted 09.24 a.m. est Pre-open comment Thursday 27th March On Wednesday I marked both Responsive (red-at-top) and Aggressive (red-at-bottom) Selling. The Value Area was “outside” the previous Value Area so once again this is not Effective Selling on the daily time frame and can be considered Responsive Selling in the longer timeframe because it all […]

posted 09.21 a.m. est Pre-open comment Wednesday 26th March Tuesday generated a higher, wider Value Area. The most recent imbalance was the Responsive Selling on Friday so Significant Buying needs to be marked before I can consider new longs but ES has held a strong price location above 1835.50 while Momentum (PriceOsc) for the four […]

posted 09.20 a.m. est Pre-open comment Tuesday 25th March Monday generated a lower, narrower Value Area and the session low was a probe into the VAL of the current price range at 1843 (dashed). All Value Areas this month have been printed above 1835.50, the 6mn poc, and that means that any Significant Selling marked […]

posted 09.15 a.m. est Pre-open comment Monday 24th March Last week I marked Significant Selling twice and Significant Buying once. Although there was another failed probe above 1872 on Friday enough time was printed there to lift the 2mn poc to that level, see previous highlighted comments. This is now First Level Resistance. First Level […]