posted 07.30 a.m. est pre-open comment Tuesday 4th June Friday’s red-at-bottom low was tested on Monday but ES recovered back above the poc at 1626 (First Level Support).  The higher price range that has developed since early May has its poc at 1653 and VAL at 1625 (dotted) which was tested yesterday.  Time spent below […]

posted 09.05 a.m. est pre-open comment Monday 3rd June Friday’s SPY close was below Mon-Wed Hi-Lo Range so Sellers were active on the weekly timeframe for the first time this year. On Friday I marked Aggressive selling again (red-at-bottom). The Value Area was overlapping/lower than Thursday’s and at the top of Friday’s range so this […]

posted 09.10 a.m. est pre-open comment Friday 31st May Thursday’s session generated a higher, narrower Value Area on less Volume.  No follow through from the Buyers and overnight ES has seen weakness, currently printing below yesterday’s session low.   Bulls would want to see price back above 1653 and Significant Buying marked above that level.  First […]

posted 09.16 a.m. est pre-open comment Thursday 30th May Strictly applying my rules I had to mark Resposnsive Buying on Wednesday which means new short trades are eliminated for me at least until new Significant Selling is marked.  The Value Area was lower so this was not Effective Buying.  Bulls would want to see price […]

posted 09.20 a.m. est pre-open comment Wednesday 29th May Tuesday’s session produced a higher, wider Value Area. 1653 was the minor poc and this provided Support during yesterday’s session but time spent there has lifted the 25day poc to this level. 1653 is now important to monitor and price below that level is weak price […]

posted 08.00 a.m. est pre-open comment Tuesday 28th May SPY closed on Friday within Mon-Wed Hi-Lo range which does not indicate a bias on the weekly timeframe.  Active Sellers have not been marked on this timeframe during 2013.  Friday generated an overlapping/lower, narrower Value Area.  First Level Support at 1626 has held.  Significant Selling marked […]

posted 08.45 a.m. est pre-open comment Friday 24th May Thursday generated a lower, narrower Value Area.  Sentiment indicators are suggesting over optimism (more in webcast today) but so far, at least,  First Level Support at 1626 has held.  Significant Selling marked below this level would be an indication of weakness on the longer timeframe.  Bulls […]

posted 07.38 a.m. est pre-open comment Thursday 23rd May On Wednesday, for the first time in fifteen days, I marked Significant Selling.  This means that new long trades are now eliminated for me at least until Significant Buying is marked again.  Aggressive Selling in the p.m. auctioned ES quickly lower following FED comments. Overnight ES […]

posted 09.02 a.m. est pre-open comment Wednesday 22nd May Tuesday generated a higher, wider Value Area.  Significant Selling has not been marked for fourteen days.  First indication of ST weakness would be Significant Selling marked below 1663.50, the 9day poc.  First indication of LT weakness would be Significant Selling marked below 1626, the 25day poc. […]

posted 08.05 a.m. est pre-open comment Tuesday 21st May Monday generated a higher, narrower Value Area on less Volume. Dayframe: the minor (8day) poc migrated higher on Monday to 1663.50. This could be intraday S/R today. %Stocks>50dyma numbers: Nyse 82%, Nasdaq 71.5%, R2000 77%.  Numbers >50 are considered supportive.   Numbers >80 are considered overbought.   First […]