Midday Wednesday 18th December The last four Value Areas have been printed between the POCs at 1792.00 and 1758.50 with no Significant Buying or Selling being marked. I would suggest a break out of this consolidation above/below those levels would indicate the ST direction but see previous highlighted comments. Stock Index ETFs: DIA and SPY […]

posted 08.35 a.m. est Pre-open comment Monday 16th December Note: we will be following ES March contract from this week. Friday closed below the low of Mon-Wed Hi-Lo Range which indicates Sellers Active on this timeframe. Last week I marked Significant Selling once and no Significant Buying. We have been watching First Level Support at […]

posted 09.23 a.m. est Pre-open comment Friday 13th December Thursday’s session generated a lower, narrower Value Area. See yesterday’s highlighted pre-open comments. The ST Support trendlines I drew on the four stock index ETF charts broke down and Momentum for all four charts is now down. IWM is a good chart to monitor. It found […]

posted 09.10 a.m. est Pre-open comment Thursday 12th December Pre-open yesterday I wrote that “there is a very min poc at 1803.50. May be useful for ST traders to monitor intraday.” The high of Wednesday’s session came in at 1803 which came immediately after the open. Aggressive Selling (red-at-bottom) was marked which means that new […]

posted 08.59 a.m. est Pre-open comment Wednesday 11th December Very little to add to previous comments highlighted on graphic. As long as ES holds above the 1792 poc it is in a strong price location. The four stock index ETFs are holding their Support trendlines shown in eBook, for now at least. Dayframe: There is […]

 

posted 09.08 a.m. est Pre-open comment Tuesday 10th December Monday generated a higher, narrower Value Area on reduced Volume. As long as ES holds above the 1792 poc it is in a strong price location. Dayframe: 1806 could attract more time and lift the ST poc, with 1830 projected target if that happens. First Level […]

posted 07.48 a.m. est Pre-open comment Monday 9th December Last week I marked Significant Selling once (Ineffective) and Significant Buying once (Effective). Aggressive Buying (green-at-top) was marked on Friday following a gap-higher to Open and ES finished the week almost where it started. The 30day poc migrated to 1792 and as long as ES holds […]

posted 09.05 a.m. est Pre-open comment Friday 6th December Thursday generated a narrow Value Area ahead of today’s job’s numbers which have just been released. The minor poc at 1792 was the exact session high (see yesterday’s highlighted comments) but thirty minutes pre-open ES is above that level, and has printed above 1800. First Level […]

Note this was posted at 06.35 a.m. est Pre-open comment Thursday 5th December Wednesday generated an “outside” Value Area on increased Volume. The most recent Significant activity was the Aggressive Selling on Monday so Buyers would need to marked again before I will consider new longs on any timeframe. Sentiment is a concern, see below. Dayframe: […]