posted 08.05 a.m. est pre-open comment Thursday 11th July Wednesday generated an overlapping Value Area.  No Significant Selling has been marked for thirteen days.  ES has printed high 1660’s pre-open today. Sentiment data is interesting (see below). 1st Level Support = ES 1628.00 (3mn poc) Stocks>50dyma numbers: Nyse 61%, Nasdaq 73%, R2000 76%.  Numbers >50 […]

posted 09.03 a.m. est pre-open comment Wednesday 10th July Tuesday generated a third consecutive higher Value Area.  No Significant Selling has been marked for twelve days. If I plot a price distribution using data from the start of this year I note that the poc is currently at 1549 (exactly at the centre of that […]

posted 04.40 a.m. est pre-open comment Tuesday 9th July Note: this was posted at 04.40 a.m. est. See yesterday’s highlighted comments.  Monday generated a higher, albeit narrower, Value Area printed entirely above the 1628 poc which is now the level to monitor.  A further positive would now be Significant Buying marked above this level. 1st […]

posted 08.00 a.m. est pre-open comment Monday 8th July SPY closed above Mon-Wed Hi-Lo Range which indicates Buyers Active on this timeframe.  The four stock index ETFs have cleared their Resistance.  As long as these levels (highlighted on graphic) now hold as Support, charts are in a much stronger price location.    Following Wednesday’s Responsive Buying […]

pre-open comment Friday 5th July >>ETF Resistance: SPY 162.40; DIA 150.14; QQQ 72.05; IWM 97.87 ETF Support: SPY 155.80; DIA 144.24; QQQ 68.62; IWM 93.62.<< The Support levels (above) that we have been monitoring held last week (SPY and IWM exactly) and pre-open today all four ETFs are printing above their Resistance levels.  If these […]

posted 07.45 a.m. est pre-open comment Monday 1st July SPY closed on Friday within Mon-Wed Hi-Lo range which indicates no bias on the weekly timeframe.  Buyers have not been active on this timeframe for six weeks.    ES found Support early last week at the 11mn poc at 1548.  Price below this level would be very […]

posted 07.40 a.m. est pre-open comment Friday 28th June Thursday generated another higher but narrow Value Area.  ES has approached the 1/2R at 1616.75 but has not yet exceeded it.  Some of the major charts have also approached the given Resistance (see below) but only IWM has exceeded its 1/2R and has probed its 40dy […]

posted 07.48 a.m. est pre-open comment Thursday 27th June Wednesday generated another higher but narrow Value Area.  I have yet to mark Significant Buying although the next level Support (given last week) has so far held on all the charts:  ES 1548; SPY 155.80; DIA 144.24; QQQ 68.62; IWM 93.62.  The market hit a new […]