posted 09.10 a.m. est Pre-open comment Thursday 12th December Pre-open yesterday I wrote that “there is a very min poc at 1803.50. May be useful for ST traders to monitor intraday.” The high of Wednesday’s session came in at 1803 which came immediately after the open. Aggressive Selling (red-at-bottom) was marked which means that new […]

posted 08.59 a.m. est Pre-open comment Wednesday 11th December Very little to add to previous comments highlighted on graphic. As long as ES holds above the 1792 poc it is in a strong price location. The four stock index ETFs are holding their Support trendlines shown in eBook, for now at least. Dayframe: There is […]

 

posted 09.08 a.m. est Pre-open comment Tuesday 10th December Monday generated a higher, narrower Value Area on reduced Volume. As long as ES holds above the 1792 poc it is in a strong price location. Dayframe: 1806 could attract more time and lift the ST poc, with 1830 projected target if that happens. First Level […]

posted 07.48 a.m. est Pre-open comment Monday 9th December Last week I marked Significant Selling once (Ineffective) and Significant Buying once (Effective). Aggressive Buying (green-at-top) was marked on Friday following a gap-higher to Open and ES finished the week almost where it started. The 30day poc migrated to 1792 and as long as ES holds […]

posted 09.05 a.m. est Pre-open comment Friday 6th December Thursday generated a narrow Value Area ahead of today’s job’s numbers which have just been released. The minor poc at 1792 was the exact session high (see yesterday’s highlighted comments) but thirty minutes pre-open ES is above that level, and has printed above 1800. First Level […]

Note this was posted at 06.35 a.m. est Pre-open comment Thursday 5th December Wednesday generated an “outside” Value Area on increased Volume. The most recent Significant activity was the Aggressive Selling on Monday so Buyers would need to marked again before I will consider new longs on any timeframe. Sentiment is a concern, see below. Dayframe: […]

posted 08.25 a.m. est Pre-open comment Wednesday 4th December Tuesday generated a lower, wider Value Area on increased Volume. Dayframe: Pre-open ES has been printing around the 1789 area and the minor poc could migrate back to this level which would give ST traders a more local reference level. “If” enough time was printed slightly […]

posted 09.00 a.m. est Pre-open comment Tuesday 3rd December On Monday the minor (18day) poc migrated higher to 1806 (from 1789) and I marked Aggressive Selling (red-at-bottom) below this level. We look to see who is Active and then ask, are they Effective? In the dayframe Sellers were Active yesterday but the Value Area is […]

posted 09.10 a.m. est Pre-open comment Monday 2nd December ES: Last week I marked no Significant Buying or Selling. The last five Value Areas have been printed above the minor poc at 1789 and the first sign of ST weakness would be Effective Selling marked below this level. LT weakness would be indicated by Effective […]