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 […]

posted 09.28 a.m. est Pre-open comment Tuesday 14th January The 30day poc at 1835.50 had been tested twice last week and when rejected once again early in Monday’s session, ES declined sharply to test the low of the three week price range (1817.25). Aggressive Selling was marked and these red-at-bottom lows are usually tested within […]

posted 09.19 a.m. est Pre-open comment Monday 13th January Last week I marked Significant Buying once and Significant Selling once. During Thursday’s session, and again on Friday, the poc at 1835.50 was probed but as of pre-open today no significant time has been printed above this Resistance. If price can print time above this level […]

posted 08.20 a.m. est Pre-open comment Friday 10th January Responsive Buying (green-at-bottom) was marked on Thursday. New short trades are now eliminated for me, at least until Significant Selling is marked again. I wrote yesterday that the 25day poc was an important level to monitor (see highlighted comments). More time was spent in this area […]

posted 05.52 a.m. est Pre-open comment Thursday 9th January 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 the current range of activity. […]

posted 08.25 a.m. est Pre-open comment Wednesday 8th January Monday’s red-at-top high was exceeded on Tuesday negating that Selling imbalance. Tuesday’s high came in just below the 1835.50 Resistance. Time printed above that level would be stronger price location, see Monday’s highlighted comments. First Level Resistance = 1835.50 (25dy poc) First Level Support = 1803.50 […]

posted 09.12 a.m. est Pre-open comment Tuesday 7th January Responsive Selling (red-at-top) was marked on Monday immediately after the Open. Only Significant Selling marked below the 1803.50 poc would be a concern in the LT but even so, new long trades are eliminated for me, at least until Significant Buying is marked again. If ES […]

posted 09.15 a.m. est Pre-open comment Monday 6th January SPY closed on Friday below the Mon-Fri Hi-Lo range indicating Sellers Active. The weekly bar was overlapping/higher so this is Ineffective Selling on this timeframe. Stock Index ETFs: Momentum for SPY, IWM and DIA is positive and up. QQQ is positive but turned down on Friday. […]