posted 9.06 a.m. et pre-open comment Friday 28th September Repeating what I wrote pre-open Wednesday – You can see on the chart that Significant Buyers and Sellers have both been active recently.  There is a struggle for control of the dayframe – this continues to be the case.  On Thursday I marked Aggressive Buying but […]

posted 6.27 a.m. pre-open comment Thursday 27th September Note: this written at 6.25 a.m. et Wednesday’s session generated a lower, narrower Value Area on less volume.  The most recent imbalance was Selling (red) on Tuesday which means new long trades are eliminated for me.  I am concerned that ES is printing below the 1435poc and […]

posted 9.11 a.m. et pre-open comment Wednesday 26th September You can see on the chart that Significant Buyers and Sellers have both been active recently.  There is a struggle for control of the dayframe and if Significant Selling is marked below the 20dy poc at 1435 this will likely indicate the next directional move in […]

posted 9.14 a.m. et pre-open comment Tuesday 25th September The minor consolidation range shown on the chart has VAH = 1458 and VAL = 1448 (both dotted). In the ST, Buyers/Sellers are Responding below/above these levels (see chart).  It is possible that if another Value Area (or two) is printed between these levels we could […]

posted 9.00 a.m. e.t. pre-open comment Monday 24th September The LT analysis remains postive, ST analysis is neutral with Sellers vying for control of the dayframe. The Chartprofit Market Timing System is positive for all Market Charts and the %Stocks>50dyma numbers are well above 50. Last week I marked Significant Selling twice and no Significant […]

posted 8.31 a.m. et pre-open comment Friday 21st September My rules did not allow me to mark Significant Buying although ES closed strong and one hour pre-open prints towards the top of this week’s range.  Thursday generated the fourth Value Area within a very tight Hi-Lo range for this week so far which suggests range […]

posted 9.14 a.m. et pre-open comment Thursday 20th September Wednesday’s session generated another narrow Value Area within the narrow high-to-low range for this week so far.  Unless the Buyers (absent for four days) respond early in today’s session, ES may need to go lower to find them.  I am concerned in the ST about the […]

posted 9.09 a.m. et pre-open comment Wednesday 19th September Tuesday’s session generated a lower, narrower Value Area on less Volume.  Since Aggressive Buyers were marked last Thursday we have seen three days where Buyers have been absent and active Sellers have so far failed to do much damage relative to last Thursday’s bar.  This is […]

posted 9.19 a.m. et pre-open comment Tuesday 18th September Note:  we are now following the December contract. On Monday I marked Significant Selling again but although the Value Area was lower it was narrower and generated less volume so not Effective Selling.  Nevertheless as I wrote yesterday the faact that Significant Sellers have been marked […]

posted 9.07 a.m. et pre-open comment Monday 17th September LT analysis remains positive.  There is still concern re some of the Sentiment Indicators, particularly the Rydex Ratio and the VIX, but generally there was not a large increase in bullishness last week.  Certainly not to the point yet where you could say investors were extremely […]