posted 07.50 a.m. est pre-open comment Wednesday 26th June Tuesday generated a higher, narrower 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. %Stocks>50dyma numbers: Nyse 32%, Nasdaq 51%, […]

posted 08.13 a.m. est pre-open comment Tuesday 25th June Monday generated a lower, wider Value Area.  So far, pre-open today ES has rallied as high as 1578.25.  The next level of Support as shown last week (and below) has so far held on all the charts.  Next Level Support as follows: ES 1548; SPY 155.80; […]

posted 09.07 a.m. est pre-open comment Monday 24th June Last week I marked Significant (Aggressive) Selling twice and no Significant Buying.  Please see previous comments highlighted on graphic. SPY closed on Friday below Mon-Wed Hi-Lo range which indicates Sellers Active on the weekly timeframe.  Three weeks ago Sellers were marked as active on this timeframe […]

posted 08.10 a.m. est pre-open comment Friday 21st June On Thursday I marked Aggressive Selling (red-at-bottom) for the second time this week.  Red-at-bottom lows are tested within a day (or two) 80% of the time, although as I’ve mentioned before that stat is not as reliable following a gap.  The entire Value Area was generated […]

posted 07.28 a.m. est pre-open comment Thursday 20th June On Wednesday I marked Aggressive Selling (red-at-bottom).  The Value Area was overlapping/lower and towards the top of the day’s price range so this wasn’t convincingly Effective Selling.  Over the last fourteen days, Significant Selling has been marked seven times and Significant Buying three times.  If you […]

posted 07.10 a.m. est pre-open comment Wednesday 19th June On Tuesday ES opened just below its S/R at 1635.50 and immediately rallied. The entire Value Area was generated above that level which is improved price location, see yesterday’s highlighted comments. Sign of strength would be Significant Buying being marked above that level.  I have dotted […]

posted 08.10 a.m. est pre-open comment Tuesday 18th June Note: We are now using the ES September contract.  The 1/2R level off May high has therefore changed, see below. The 25day poc migrated to 1636 which is close to the 1/2R at 1635.50. If ES (Sep) can print some time above 1636 it would be […]

posted 08.20 a.m. est pre-open comment Monday 17th June Over the last seven days both Significant Buying and Selling has been marked (see chart) with recent price action oscillating around the 60day poc at 1628. First Level Resistance remains the 1/2R off May high at 1641 which was Resistance on Friday and again pre-open today.  […]

posted 08.25 a.m. est pre-open comment Friday 14th June On Thursday Buyers Responded early to a test of Wednesday’s low and Aggressive Buying was also marked later in the session.  The Value Area was overlapping Wednesday’s so this was not Effeective Buying but new short trades are now eliminated for me at least until Significant […]

posted 08.05 a.m. est pre-open comment Thursday 13th June Wednesday’s session high didn’t even get to test the First Level Resistance at 1641 (dotted) before Resonsive Sellers (red-at-top) quickly auctioned ES back below the 55day poc.  Aggressive Selling was also marked later in the day.  Over the last ten days I have marked Significant Selling […]