posted 9.09 a.m. et pre-open comment Friday 14th September The low for Thursday’s session came almost immediately after the Open and was exactly at the 1435 poc.  Aggressive Buying was marked later in the day as the SP500 broke to new multi-year highs.  Key Charts NasdaqComp and Nasdaq100 indices are now printing above their Major1/2 […]

posted 9.10 a.m. et pre-open comment Wednesday 12th September Wednesday’s session printed an overlapping/higher Value Area with Significant Buying being marked late in the day.  Overnight ES has found Support at the 1435 minor poc.  New short trades are now eliminated for me at least until Significant Selling is marked again.  We’ve seen four days of consolidation […]

posted 7.55 a.m. et pre-open comment Wednesday 12th September Tuesday’s session held the higher range we have since over the last few days.  I marked Significant Selling on Monday but there has been no follow-on downside, in fact Pre-open today ES has printed above 1438 (Monday’s session high) which negates the ST negative implications of […]

posted 08.47 a.m. et pre-open comment Tuesday 11th September On Monday Significant Sellers were marked but the Value Area generated was overlapping Friday’s VA so this was not Effective Selling.  Price above 1438 (yesterday’s session high) would negate the ST negative implications of that Selling imbalance but until that happens, or Buying (green) is marked, […]

posted 07.50 a.m. et pre-open comment Monday 10th September The Chartprofit Market Timing System is now positive for all Major market Charts.  The %Stocks>50dyma numbers are all well above 50 which is supportive. Last week I marked Significant Buying twice and no Significant Selling.  As I wrote pre-open Thursday ES held above its poc Support […]

posted 9.13 a.m. et pre-open comment Friday 7th September See yesterday’s highlighted comments.  ES broke out of its range to the upside with Significant Buying marked.  ES held above the 25day poc Support across the recent range and therefore the chart did not break down which I said yesterday was a positive.  The 8month poc […]

posted 9.27 a.m. et pre-open comment Thursday 6th September Wednesday generated yet another daily Value Area within the price area bounded by the dotted VAH and VAL of the longer timeframe.  We should look for a breakout of this range to occur soon.  Note that the 25dy poc at 1398.50 held as Support across this […]

posted 5a.m. et pre-open comment Wednesday 5th September Note: this was posted at 5a.m. Tuesday’s session high was 1408.25 – just below yesterday’s First Level resistance at 1408.50 (see chart).  This was the sixth day where no Significant Buying or Selling has been marked.  That’s unusual and I would expect to mark one or the […]

posted 9.00 a.m. et pre-open comment Tuesday 4th September Last week I marked no Significant Buying or Selling.  Two levels are currently attracting time.  Significant Buying marked above 1408.50 would indicate higher and Significant Selling marked below 1398.50 would indicate lower.  Price printing between these levels does not currently give us any useful information. Friday’s […]

posted 08.38 a.m. et pre-open comment Friday 31st August On Thursday ES printed a lower Value Area and enough time was spent at 1398.50 (see chart) to shift the 40dy poc back to this level (from 1408.50).  This often happens when two close levels both attract time.  Both these levels are of importance in the […]