posted 07.25 a.m. est pre-open comment Friday 26th July Thursday generated an overlapping Value Area.  The 30day poc at 1677 was tested briefly but ES closed towards the high of the session.  Two hours pre-open today ES has printed as low 1678.  Again today 1677.00 may be intraday Support or Resistance. 1st Level LT Support […]

posted 09.10 a.m. est pre-open comment Thursday 25th July On Wednesday I marked Responsive Selling (red-at-top) for the second day running from price around 1693.  A lower, wider Value Area was generated so this was Effective Selling on the dayframe but Support was found at 1677, the 25day poc.  New long trades are now eliminated […]

posted 09.22 a.m. est pre-open comment Wenesday 24th July Strictly applying my rules I had to mark Responsive Selling (red-at-top) on Tuesday.  Like my comments re the Responsive Selling on 07/16 this is possibly due to Buyers Resting (forcing a Response from the Sellers) and any ST negative implications will be negated if ES prints […]

posted 09.19 a.m. est pre-open comment Tuesday 23rd July Monday generated a higher, narrower Value Area on less Volume.  Since the minor (24day) poc migrated higher to 1677.00 last Wednesday, ES has held above that level which is ST positive. 1st Level LT Support = ES 1645.00 (4mn poc) Stocks>50dyma numbers: Nyse 80%, Nasdaq 80%, […]

posted 90.15 a.m. est pre-open comment Monday 22nd July Last week I marked Responsive Selling on Tuesday which was negated by subsequent price action and Aggressive Buying on Friday. Friday closed above the high of Mon-Wed Hi-Lo range so Buyers were active on this timeframe for the third week running.  In the longer timeframe as […]

posted 08.05 a.m. est pre-open comment Friday 19th July Pre-open Thursday I wrote that 1677.50 could be intraday Support or Resistance and it proved to be the low of the session.  That level, actually 1677.00, is now the 20day poc and again is worth monitoring for intraday Support or Resistance today. Thursday generated a higher, […]

posted 08.54 a.m. est pre-open comment Thursday 18th July Price action on Wednesday negated any negative implications of Tuesday’s Responsive Selling as the red-at-top was exceeded, see yesterday’s highlighted comments. Dayframe: The very minor (6day) poc migrated to 1677.50. This could be intraday Support or Resistance today and price relative to that level may give […]

posted 07.40 a.m. est pre-open comment Wednesday 17th July Please note I would have preferred to have posted this shortly before pre-open today but circumstances meant it had to be posted at 07.30a.m.  FED report due. On Tuesday Sellers Responded (red-at-top) immediately after the open.  This is the first Significant Selling I have marked in […]

posted 08.26 a.m. est pre-open comment Tuesday 16th July Monday generated a higher Value Area. SPY has closed higher for eight consecutive days which obviously a rare occurrence but Significant Selling has not been marked for sixteen days.  ES printed as high as1679.50 on Monday.  The May high (Sep contract) is 1680.25.  1st Level Support […]

pre-open comment Monday 15th July The four stock index ETFs are in a much stronger price location.  Price Osc is back above zero for these charts indicating trend is up.  See charts in today’s Ebook for relevant poc levels that must hold to maintain strong price location. ES: Friday closed above Mon-Wed Hi-Lo Range which […]