posted 08.48 a.m. est pre-open comment Wednesday 6th November Significant Buyers Responded on Tuesday (green-at-bottom), suggesting that Buyers are still in control of the dayframe, see Tuesday’s highlighted comment. New short trades are eliminated for me at least until Significant Selling (red) is marked again. Also the minor poc migrated higher to 1757.50, as I […]

posted 06.50 a.m. est pre-open comment Tuesday 5th November Monday’s session generated a higher/overlapping, narrower Value Area on low Volume. We should be a little concerned that the Rydex traders are getting enthusiastic (see below) but as long as ES holds above the minor poc at 1737.50 it remains in a strong price location. Significant […]

posted 07.52 a.m. est pre-open comment Monday 4th November Significant Selling was marked on Wednesday following fifteen days of Active Buying where no Selling was marked. In the longer timeframe this Selling can be classified as Responsive because it occured above the minor 25dy poc at 1737.50. That poc may migrate which may provide a […]

posted 08.05 a.m. est pre-open comment Friday 25th October Thursday generated a higher, wider Value Area above the minor poc at 1737.50, see previous comments, highlighted. Aggressive Buying (green-at-top) was marked. Significant Selling has not been marked for twelve days. First Level LT Support = 1685.50 poc Second Level LT Support = 1653.50 poc Stocks>50dyma […]

posted 09.08 a.m. est pre-open comment Thursday 24th October On Wednesday Buyers Responded (green-at-bottom) to the slightest opportunity which was a probe below the minor poc at 1737.50, see chart.  Price printing time below this level would indicate their control is lessening and be the first sign of ST weakness. Significant Selling has not been […]

posted 08.56 a.m. est pre-open comment Wednesday 23rd October Overnight ES tested down to the minor poc at 1737.50 which provided Support. As I mentioned yesterday this may be a useful level to monitor in the ST. Price printing time below this level would be the first sign of ST weakness. Significant Selling has not […]

posted 08.55 a.m. est pre-open comment Tuesday 22nd October A narrow, “inside” Value Area was generated on Monday on low Volume. Significant Selling has not been marked for nine days. As of forty minutes pre-open ES has printed as high as 1744.50. A minor (15day) poc has emerged at 1737.50 which may be a useful […]

posted 08.40 a.m. est pre-open comment Monday 21st October Friday closed above Mon-Wed Hi-Lo Range indicating Buyers Active on the weekly timeframe for the second consecutive week. Since the low on 9th October I have marked Significant Buying eight times. Buyers have been very active and so far there has been no markable Selling Response. […]

posted 09.17 a.m. est pre-open comment Friday 18th October On Thursday I marked both Responsive and Aggressive Buying. Buyers have been very active for last seven trading sessions and so far there has been no markable Selling Response. See also Tuesday’s highlighted comments re price distribution. Breadth numbers increased again (see below) and the retail […]