posted 09.12 a.m. est pre-open comment Monday 8th April ES was auctioned back up to First Level Resistance at 1549 through Friday’s session but even so the Value Area was lower and wider.  The most recent imbalance was Wednesday’s Aggressive Selling so before considering the long side I need to see Buyers marked again and […]

posted 09.14 a.m. est pre-open comment Friday 5th April see yesterday’s comments highlighted on graphic. Thursday’s session generated an inside/narrower Value Area on less Volume.  Wednesday’s red-at-bottom low was not tested but it almost certainly will be today with ES likely to open much lower. %Stocks>50dyma numbers: Nyse 55%, Nasdaq 49%.  Numbers >50 are supportive. […]

posted 08.50 a.m. est pre-open comment Thursday 4th April On Wednesday Aggressive Selling (red-at-bottom) was marked.  The Value Area was lower and wider so this was Effective Selling on the dayframe.  I can no longer assume Buyers are still in control of the dayframe. New long trades are eliminated for me at least until Significant […]

posted 09.22 a.m. est pre-open comment Wednesday 3rd April ES printed higher than 1564 on Tuesday, negating Monday’s Selling imbalance.  A higher, narrower Value Area was generated on increased Volume.  Until Sellers make an “Effective” appearance I assume Buyers are still in control of the dayframe. %Stocks>50dyma numbers: Nyse 65%, Nasdaq 57%.  Numbers >50 are […]

posted 09.25 a.m. est pre-open comment Tuesday 2nd April Sellers Responded to a higher Open on Monday (red-at-top).  In the longer timeframe this is also Responsive Selling as the Value Area was printed entirely above the 30dy poc at 1550.  If ES prints 1564 or higher during today’s session it negates any ST negative implications […]

posted 08.58 a.m. est pre-open comment Monday 1st April Last week I marked Significant Buying twice and no Significant Selling.  The week (shortened) closed above Mon-Wed Hi-Lo Range which indicates Buyers Active on the weekly timframe.  I have not marked Sellers as active on this timeframe in 2013.  First indication of weakness in the ST […]

posted 09.00 a.m. est pre-open comment Thursday 28th March ES opened below (what was) the minor poc at 1547 and Buyers Responded (green-at-bottom). During yesterday’s session the minor (28day) poc migrated slightly higher to 1550 so this now First Level Support.  I have marked Significant Buying three times in the last four days and the […]

posted 08.55 a.m. est pre-open comment Wednesday 27th March See yesterday’s highlighted comments. Strictly applying my rules I had to mark Aggressive Buying on Tuesday but the Value Area (although higher) was narrower so this was not Effective Buying.  According to my rules if ES prints below Tuesday’s low at 1550.25 during today’s session it […]

posted 08.52 a.m. est pre-open comment Tuesday 26th March Monday’s Value Area was printed between the minor VAH and VAL, see yesterday’s highlighted comments.  ES opened above the minor VAH at 1551 and was immediately auctioned back to the minor poc at 1547.  Unclear in the ST.  Momentum (although positive) is currently down for all […]

posted 10.03 a.m. est pre-open comment Monday 25th March from pre-open Friday >>As yesterday’s Value Area was printed entirely above that VAL I’m not overly confident about the further weakness that the Selling Balance suggests.<<  Last week I marked Significant Selling once and Significant Buying twice including Aggressive Buying on Friday which means new short […]