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 […]

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 […]