posted 05.52 a.m. est Pre-open comment Thursday 9th January In the last six days we have had an Aggressive Buying imbalance and a Responsive Selling imbalance, both of which did not see follow-on Buying/Selling. This usually indicates a poc of some importance (i.e. currently most important) is emerging somewhere in the current range of activity. […]

posted 08.25 a.m. est Pre-open comment Wednesday 8th January Monday’s red-at-top high was exceeded on Tuesday negating that Selling imbalance. Tuesday’s high came in just below the 1835.50 Resistance. Time printed above that level would be stronger price location, see Monday’s highlighted comments. First Level Resistance = 1835.50 (25dy poc) First Level Support = 1803.50 […]

posted 09.12 a.m. est Pre-open comment Tuesday 7th January Responsive Selling (red-at-top) was marked on Monday immediately after the Open. Only Significant Selling marked below the 1803.50 poc would be a concern in the LT but even so, new long trades are eliminated for me, at least until Significant Buying is marked again. If ES […]

posted 09.15 a.m. est Pre-open comment Monday 6th January SPY closed on Friday below the Mon-Fri Hi-Lo range indicating Sellers Active. The weekly bar was overlapping/higher so this is Ineffective Selling on this timeframe. Stock Index ETFs: Momentum for SPY, IWM and DIA is positive and up. QQQ is positive but turned down on Friday. […]

posted 08.03 a.m. est Pre-open comment Friday 3rd January Tueday’s green-at-top high was not tested which is unusual and Thursday’s Value Area was printed lower than Tuesday’s low which negates any ST positive implications of Tuesday’s Buying imbalance. Support is at the 4mn poc at 1803.50 and as long as ES holds above that level […]

posted 08.02 a.m. est Pre-open comment Thursday 2nd January Tuesday’s session generated a higher, wider Value Area. Aggressive Buying (green-at-top) was marked. Significant Selling has not been marked for thirteen days. In the longer term timeframe as long as ES holds above the 4mn poc at 1803.50 it is in a strong price location. Support […]

posted 08.42 a.m. est Pre-open comment Tuesday 31st December Monday’s session generated another narrow Value Area consolidating price above 1830. As long as ES holds above the 4mn poc at 1803.50 it is in a strong price location. Support = 1803.50 (4mn poc) Stocks>50dyma numbers: Nyse 68% (from 67%), Nasdaq 72% (unchanged), R2000 72% (from […]

posted 08.56 a.m. est Pre-open comment Monday 30th December Last week I marked Significant Buying once. Significant Selling has not been marked for twelve days. As long as ES holds above the 4mn poc at 1803.50 it is in a strong price location. Support = 1803.50 (4mn poc) Stock index ETFs: Momentum for all four […]

posted 09.09 a.m. est Pre-open comment Friday 27th December Thursday’s session generated a higher, wider Value Area. Aggressive Buying (green-at-top) was marked. The 4mn poc migrated up to 1803.50, this is now Support and ES is in a strong price location as long as it holds this level. Support = 1803.50 (4mn poc) Stocks>50dyma numbers: […]

posted 07.05 a.m. est Pre-open comment Tuesday 24th December Monday’s session generated a higher, narrower Value Area on low Volume. ES is in a strong price location as long as it holds above 1792. Time: In light of the current Sentiment indications, see below, we should look at potential termination dates. Seasonally the market is […]