posted 08.44 a.m. est pre-open comment Monday 18th November SPY closed the week above Mon-Wed Hi-Lo Range which indicates Buyers Active on this timeframe. ES: Last week I marked Significant Buying three times and no Significant Selling with all five Value Areas being printed above the 1758.50 poc. The weekly bar was higher so this […]

posted 09.18 a.m. est pre-open comment Friday 15th November ES progressed higher on Thursday following Wednesday’s double Buying imbalance. generated a higher Value Area. If there is a strong end to the week then Momentum (PriceOsc) for the four index ETFs could turn back up. Some LT Sentiment measures showed further increase in worryingly high […]

posted 09.20 a.m. est pre-open comment Thursday 14th November On Wednesday ES opened below ST Support at 1758.50 (40dy poc) and Buyers Responded immediately (green-at-bottom), see yesterday’s highlighted comments. Later in the day Aggressive Buying was also marked (green-at-top). An “outside” Value Area was generated. Buyers are active and as long as ES holds above […]

posted 08.47 a.m. est pre-open comment Wednesday 13th November Tuesday generated a lower, wider Value Area. The 40day poc migrated very slightly to 1758.50. ES needs to hold this level to remain in a ST strong price location and pre-open is printing below. The minor VAH is also slightly higher at 1768.50 (dashed) and currently […]

posted 08.52 a.m. est pre-open comment Tuesday 12th November Monday generated a very narrow Value Area on low Volume. If more time is printed at current levels then the the 40day poc at 1757.50 could migrate higher, see yesterday’s highlighted comments. For now, as long as ES holds above that Support it is in a […]

posted 09.12 a.m. est pre-open comment Monday 11th November Dayframe: from pre-open Tuesday 15th October >>1702.50 is the VAH of the distribution that began early July. If this level does not stall the chart it suggests, imo, that a new bullish distribution has begun<< The current VAL of the distribution mentioned is at 1737.50. Pre-open […]

posted 08.28 a.m. est pre-open comment Friday 8th November Sellers Responded (red-at-top) for a second time above 1770 and a probe above last week’s high was rejected. Later in the day Aggressive Selling (red-at-bottom) was also marked and this was below the minor poc at 1757.50 which puts ES in a ST weak price location […]

posted 09.15 a.m. est pre-open comment Thursday 7th November Wednesday’s session generated a higher, narrower Value Area. As long as ES holds above 1757.50 it is a strong price location in the ST. If market were to push higher I would expect a further increase in bullish sentiment which is already high (see below). First […]