posted 09.20 a.m. est pre-open comment Wednesday 27th November Momentum for all four stock index ETFs is now positive and up. ES: Tuesday generated an overlapping Value Area on low Volume. First sign of ST weakness would be Effective Selling marked below the minor poc at 1789 and the LT weakness would be indicated by […]

posted 09.10 a.m. est pre-open comment Tuesday 26th November Monday generated a higher, narrower Value Area on low Volume. Momentum for all four stock index ETFs is now positive and up. First sign of ST weakness would be Effective Selling marked below the minor (15day) poc at 1789 and the LT weakness would be indicated […]

posted 08.54 a.m. est pre-open comment Monday 25th November Friday closed above Mon-Wed Hi-Lo range which indicates active Buying on the weekly timeframe. Last week I marked Significant Selling three times early in the week and Significant Buying twice later in the week. Buyers remain in control of the dayframe, see Friday’s highlighted comments. The […]

posted 08.35 a.m. est pre-open comment Friday 22nd November Both Significant Buyers and Sellers are active but the Sellers, as already noted have not been Effective (see yesterday’s highlighted comments). Wednesday’s red-at-bottom low was not tested on Thursday which is unusual and in fact Wednesday’s high was exceeded on Thursday negating any ST negative implications […]

posted 09.13 a.m. est On Wednesday I marked Responsive and Aggressive Selling. Sellers are active (see red on chart) but so far have not been Effective, e.g. yesterday’s Value Area was overlapping. This could be Buyers Resting, in which case ES would most likely move quickly higher if they are marked again but as per […]

posted 08.59 a.m. est pre-open comment Wednesday 20th November There is no Effective Selling marked on this chart but the most recent imbalance was the (Ineffective) Aggressive Selling on Monday and that red-at-bottom low was tested on Tuesday. In the ST there is a very minor poc at ES 1785 which could be used as […]

posted 09.27 a.m. est pre-open comment Tuesday 19th November Dayframe: Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Monday but the session generated a higher Value Area so this was not Effective Selling. Even so, new long trades are now eliminated for me, at least until Significant Buying (green) is marked […]

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 […]