posted 08.52 a.m. est pre-open comment Friday 20th September Thursday’s session generated a narrower but higher Value Area.  Sellers Responded (red-at-top) immediately after the open to a test of Wednesday’s high. If ES prints 1723 or higher it would negate any ST negative implications of that imbalance and only Significant Selling marked below First Level […]

posted 09.18 a.m. est pre-open comment Thursday 19th September Following the FED announcement ES spiked to a new high and Aggressive Buying (green-at-top) was marked.  The only technical negatives I can see at the moment are the overbought readings, e.g. SPY has a RSI(14) reading above 70, a level it reached at the May and […]

posted 07.53 a.m. est pre-open comment Wednesday 18th September During Tuesday’s session ES accepted price in the area of Monday’s red-at-top high negating any ST negative implications of that imbalance, see yesterday’s highlighted comments.  The inside Value Area was very narrow ahead of today’s event risk.  ST Bulls would want to see the 12mn poc […]

posted 09.20 a.m. est pre-open comment Tuesday 17th September Note: we are now following the December ES contract. Sellers Responded (red-at-top) to Monday’s higher open. This was the first Significant Selling marked in nine days. If ES prints 1700 or higher it would negate any ST negative implications of that imbalance and only Significant Selling […]

posted 09.18 a.m. est pre-open comment Monday 16th September Note: this week we will switch to the ES December contract. Aggressive Buying was marked on Monday and Wednesday last week and ES was higher and closed strong so this was Effective Buying on the weekly timeframe.  Significantly, on Friday the 12mn poc migrated to 1685.50.  […]

posted 09.17 a.m. est pre-open comment Friday 13th September Aggressive Buying was marked on Monday and Wednesday this week following the Responsive Buying last Friday.  ES is higher this week so this is Effective Dayframe Buying and the last seven Value Areas have all been generated above 1644.50, the 5mn poc, with no Significant Selling […]

posted 03.50 a.m. est pre-open comment Wednesday 11th September Tuesday’s session generated a higher, albeit narrower Value Area.  Breadth numbers improved again.  Buyers are in control of the dayframe.  Breadth improved again, see below. SPY and IWM gapped higher, the 1/2R off Aug high is now Support for these charts; SPY 167 and IWM 102.90. […]

posted 08.49 a.m. est pre-open comment Tuesday 10th September >>if 1638 holds at the start of this week I will take it as a sign of strenth in the ST. Aggressive Buying above that level would be a further postive.<< Aggressive Buying (green-at-top) was marked on Monday as ES broke above the 1/2R Resistance at […]

posted 08.20 a.m. est pre-open comment Monday 9th September ST ES analysis has improved. LT analysis has not. On Wednesday last week the minor (26day) poc migrated to 1638 and on Friday the session low came in at that level with Responsive Buying being marked, see chart. The last three Value Areas have printed above […]

posted 09.25 a.m. est pre-open comment Friday 6th September Thursday’s session generated a higher, narrower Value Area on less Volume.  Pre-open today ES has printed as high as 1663.50, just below Resistance at 1665 (min 1/2R off Aug high).  SPY and IWM also approach their equivalent Resistance at the 1/2R off August high:  SPY 167.00, […]