posted 9.16 a.m. est pre-open comment Monday 10th December Last week I marked Significant Selling twice and Significant Buying once.  Sellers Responded early in the week to a probe above the 12 month VAH at 1416 and then subsequently Buyers Responded exactly at 1397 which was at that time the major poc.  However the major […]

posted 9.20 a.m. est pre-open comment Friday 7th December Thursday generated an inside Value Area on low Volume. High of the session came in at our First Level Resistance. On a 30minute basis the major poc (and 50dy poc) migrated to 1406 and now price relative to that level is important.  Following jobs data released […]

posted 9.17 a.m. est pre-open comment Thursday 6th December Buyers Responded (green-at-bottom) on Wednesday at exactly yesterday’s First Level Support which is the 1397 major poc.  ES was then auctioned higher to probe yesterday’s First Level Resistance which is the 1413.50 (50dy poc). An overlapping, higher Value Area was generated on increased Volume.  Yesterday’s Significant […]

posted 9.27 a.m. est pre-open comment Wednesday 5th December Tuesday’s session generated a lower, narrower Value Area. No Significant Buying or Selling was marked. Little to add to Tuesday’s comments (highlighted). See also Supporting Charts section below. First Level Resistance = ES 1413.50 (50dy poc) Potential intraday S/R = ES 1408 (6mn poc) First Level […]

posted 9.55 a.m. est pre-open comment Tuesday 4th December On Monday I marked both Responsive and Aggressive Selling.  The Value Area was overlapping so this cannot be called Effective Selling, even so, new Long trades are now eliminated for me at least until Significant Buying is marked again. Yesterday’s price action took place above the […]

posted 9.13 a.m. est pre-open comment Monday 3rd December ES closed the week above the high of Mon-Wed Hi-Lo Range.  This indicates Buyers Active for the second week on this timeframe. Breadth: Nyse Market Chart turned positive, Nasdaq turned neutral (from negative).  UK turned positive. %Stocks>50dyma numbers: Nyse 56% and Nasdaq 46%. Numbers >50 are […]

posted 9.09 a.m. et pre-open comment Friday 30th November During Thursday’s session a probe down into our First Level Support at the 1408 poc was rejected and a Value Area was generated above that level which is a positive.  Significant Buying marked above 1408 would indicate further strength.  Following Wednesday’s rejection of price below 1397 […]

posted 9.20 a.m. est pre-open comment Thursday 29th November On Wednesday Buyers Responded (green-at-bottom) early in the session to an Open below the major poc at 1397.  Aggressive Buying was also marked (green-at-top).  This eliminates new short trades for me at least until Significant Selling is marked again.  Yesterday’s Buying was all marked below the […]

posted 9.27 a.m. est pre-open comment Wednesday 28th November Tuesday’s session generated an overlapping Value Area.  Applying my rules strictly I had to mark Significant Selling (red) but this was Ineffective Selling as the Value Area was overlapping/higher. Even so, this eliminates new long trades for me at least until Significant Buying (green) is marked […]

posted 9.12 a.m. est pre-open comment Tuesday 27th November Monday’s session generated an “inside” Value Area.  Overnight high of 1407.75 is a probe into the six month poc at 1408.  Price printing time above 1408 would be an indication of strength and Significant Buying marked above 1408 would indicate higher.  %Stocks>50dyma numbers for Nyse and […]