posted 09.05 a.m. est pre-open comment Monday 10th June SPY closed on Friday within Mon-Wed Hi-Lo range which does not indicate a bias on the weekly timeframe. Previous week indicated Sellers Active on this timeframe for the first time this year. The LT analysis has remained positive (at least for the US) and in the […]

posted 08.00 a.m. est pre-open comment Friday 7th June By strictly applying my rules I had to mark Aggressive Buying (green-at-top) on Thursday. The Value Area was overlapping/lower so this is not Effective Buying. As I wrote yesterday “I need to see (at a minimum) Effective Buying above 1626 before considering new long trades”. The […]

posted 07.50 a.m. est pre-open comment Thursday 6th June On Wednesday an early probe above the 1626poc was immediately rejected (see chart) and later in the session Aggressive Selling (red-at-bottom) was marked below that level.  This is a further negative and at current levels I now need to see (at a minimum) Effective Buying above […]

posted 08.50 a.m. est pre-open comment Wednesday 5th June I marked Responsive Selling (red-at-top) on Tuesday.  Session low once again tested the VAL at 1625 (dotted). Overnight ES has printed as low as 1621.75 and one hour pre-open ES is printing just below the poc at 1626.  Sellers look to be in control of the […]

posted 07.30 a.m. est pre-open comment Tuesday 4th June Friday’s red-at-bottom low was tested on Monday but ES recovered back above the poc at 1626 (First Level Support).  The higher price range that has developed since early May has its poc at 1653 and VAL at 1625 (dotted) which was tested yesterday.  Time spent below […]

posted 09.05 a.m. est pre-open comment Monday 3rd June Friday’s SPY close was below Mon-Wed Hi-Lo Range so Sellers were active on the weekly timeframe for the first time this year. On Friday I marked Aggressive selling again (red-at-bottom). The Value Area was overlapping/lower than Thursday’s and at the top of Friday’s range so this […]

posted 09.10 a.m. est pre-open comment Friday 31st May Thursday’s session generated a higher, narrower Value Area on less Volume.  No follow through from the Buyers and overnight ES has seen weakness, currently printing below yesterday’s session low.   Bulls would want to see price back above 1653 and Significant Buying marked above that level.  First […]

posted 09.16 a.m. est pre-open comment Thursday 30th May Strictly applying my rules I had to mark Resposnsive Buying on Wednesday which means new short trades are eliminated for me at least until new Significant Selling is marked.  The Value Area was lower so this was not Effective Buying.  Bulls would want to see price […]

posted 09.20 a.m. est pre-open comment Wednesday 29th May Tuesday’s session produced a higher, wider Value Area. 1653 was the minor poc and this provided Support during yesterday’s session but time spent there has lifted the 25day poc to this level. 1653 is now important to monitor and price below that level is weak price […]

posted 08.00 a.m. est pre-open comment Tuesday 28th May SPY closed on Friday within Mon-Wed Hi-Lo range which does not indicate a bias on the weekly timeframe.  Active Sellers have not been marked on this timeframe during 2013.  Friday generated an overlapping/lower, narrower Value Area.  First Level Support at 1626 has held.  Significant Selling marked […]