posted 05.00 a.m. est pre-open comment Thursday 17th October Please note this was published at 5a.m. est. Buyers have been active and so far there has been no markable Selling Response. All of this week’s price action has taken place above the 1685.50 poc and as long as ES holds above that level it remains […]

posted 09.10 a.m. est pre-open comment Wednesday 16th October The VAH of the distribution that began in early July (dashed line) shifted slightly to 1704.50, see yesterday’s highlighted comments. Obviously the focus is Thursday’s deadline and hopes for a debt ceiling deal but market action does not indicate too much nervousness with consolidation around 1700 […]

posted 08.16 a.m. est pre-open comment Tuesday 15th October Monday’s low came early in the session at exactly the 1685.50 poc with Buyers Responding (green-at-bottom). Aggressive Buying (green-at-top) was marked later in the day. In the last seven sessions I have marked Significant Buying six times and Significant Selling once. Since the September high ES […]

posted 08.55 a.m. est pre-open comment Monday 14th October Last week I marked Significant Buying three times and Significant Selling once. Aggressive Buying (green-at-top) was marked again on Friday with Friday’s Value Area being printed entirely above the 1685.50 poc. This is encouraging in the ST but Bulls would now want to see time printed […]

posted 08.48 a.m. est pre-open comment Friday 11th October I marked dayframe Aggressive Buying (green-at-top) on Thursday as ES gapped back up to probe the 1685.50 poc.  In the longer timeframe it can be said that Sellers are currently Responding above 1685.50 and Buyers Responding below 1685.50 which means ES is being auctioned back to […]

posted 08.53 a.m. est pre-open comment Thursday 10th October See yesterday’s comments highlighted on graphic.  Tuesday’s red-at-bottom low was tested but Buyers Responded (green-at-bottom) and auctioned ES back above the 1653.50 poc.  This is encouraging for Bulls in the ST but ES must now hold that level.  I’m not ineterested in long side unless Significant […]

posted 09.22 a.m. est pre-open comment Wednesday 9th October The 1653.500 poc was tested on Wednesday and Aggressive Selling (red-at-bottom) was marked. Red-at-bottom lows are usually tested within a day or two. Bulls would want to see price holding above the 1653.50 poc or recovering quickly if tested again. Breadth numbers have deteriorated (see below). […]

posted 09.17 a.m. est pre-open comment Tuesday 8th October Monday’s session generated a lower Value Area, closing near the low of the day. Friday’s low was broken and this negates any ST positive implications of Friday’s Aggressive Buying imbalance (see Monday’s comments, highlighted). 1685.50 is the poc of the distribution that began in early July […]

posted 08.38 a.m. est pre-open comment Monday 7th October Strictly applying my rules I had to mark Significant Buying (green-at-top) on Friday but this dayframe activity needs to be put into a longer timeframe perspective.  Firstly, in the dayframe, ES was auctioned back to First Level Resistance at the 1685.50 poc on Friday but no […]

posted 09.27 a.m. est pre-open comment Friday 4th October See Wednesday’s pre-open comments, highlighted.  The local poc has shifted back down to 1685.50 and that was close to the high of Thursday’s session, see chart. Price location is weak below 1685.50 and pre-open today ES is printing below that level.  Significant Selling marked below 1685.50 […]