posted 06.57 a.m. est Pre-open comment Thursday 20th March See previous highlighted comments. ES stalled at the VAH as suspected and later in the session Aggressive Selling was marked as ES probed 1852, the minor 1/2R of the recent high. This Selling was Ineffective because the Value Area was higher and wider. Sellers have been […]

posted 09.18 a.m. est Pre-open comment Wednesday 19th March Dayframe: I wrote pre-open yesterday that Useful intraday level to monitor is the minor 1/2R of the recent high. This would be..1852 ES Jun. You can see that Tuesday’s session low held that level which is a minor positive. As long as ES holds that level […]

This chart now includes for June contract starting this week

posted 09.25 a.m. est Pre-open comment Tuesday 18th March Note: I will republish the chart later today to show this week’s data as the ES June contract which we will switch to. Monday’s Value Area was higher but narrower and I would want to see Significant Buyers marked again before considering the long side on […]

posted 09.15 a.m. est Pre-open comment Monday 17th March Last week I marked Significant Selling three times and Significant Buying once. Last week’s price bar was “inside” the previous week’s bar so on the weekly timeframe, although Sellers were active they were not Effective. Momentum for all four stock index ETFs (although positive) is still […]

posted 09.05 a.m. est Pre-open comment Friday 14th March On Thursday Sellers Responded (red-at-top) immediately to an early probe above the minor poc at 1872. Aggressive Selling (red-at-bottom) was also marked later in the session. Once again new long trades are eliminated for me at least until Significant Buying is marked again. There is Support […]

posted 08.59 a.m. est Pre-open comment Thursday 13th March Buyers Responded (green-at-bottom) immediately on Wednesday following Tuesday’s Ineffective Selling, see previous highlighted comments. Once again, new short trades are now eliminated for me at least until Significant Selling is marked again. Momentum for all four stock index ETFs (although positive) is still down. Supporting Key […]

posted 09.12 a.m. est Pre-open comment Wednesday 12th March On Tuesday I marked Aggressive Selling for the first time since 02/19. Like then, this is Ineffective Selling because the Value Area is overlapping the previous day’s Value Area. Even so, new long trades are now eliminated for me at least until Significant Buying is marked […]

posted 09.15 a.m. est Pre-open comment Tuesday 11th March No Significant Selling has been marked for eleven days. First sign of weakness in the LT would be Effective Selling marked below 1835.50. Breadth is supportive, see below, and Key Charts imply equity strength, see below, but Momentum (PriceOsc), although positive, is down for all four […]

posted 09.15 a.m. est Pre-open comment Monday 10th March Longframe: No Significant Selling has been marked for ten days. First sign of weakness in the LT would be Effective Selling marked below 1835.50. Breadth is supportive, see below, and Key Charts imply equity strength, see below. Dayframe: The v min (8dy) poc at 1872 may […]