posted 08.25 a.m. est Pre-open comment Wednesday 4th December Tuesday generated a lower, wider Value Area on increased Volume. Dayframe: Pre-open ES has been printing around the 1789 area and the minor poc could migrate back to this level which would give ST traders a more local reference level. “If” enough time was printed slightly […]

posted 09.00 a.m. est Pre-open comment Tuesday 3rd December On Monday the minor (18day) poc migrated higher to 1806 (from 1789) and I marked Aggressive Selling (red-at-bottom) below this level. We look to see who is Active and then ask, are they Effective? In the dayframe Sellers were Active yesterday but the Value Area is […]

posted 09.10 a.m. est Pre-open comment Monday 2nd December ES: Last week I marked no Significant Buying or Selling. The last five Value Areas have been printed above the minor poc at 1789 and the first sign of ST weakness would be Effective Selling marked below this level. LT weakness would be indicated by Effective […]

posted 09.18 a.m. est pre-open comment Friday 29th November Momentum for all four stock index ETFs is now positive and up. ES: Wednesday generated an overlapping/higher Value Area consolidating for the third day above 1800. First sign of ST weakness would be Effective Selling marked below the minor poc at 1789.00 and the LT weakness […]

posted 09.20 a.m. est pre-open comment Wednesday 27th November Momentum for all four stock index ETFs is now positive and up. ES: Tuesday generated an overlapping Value Area on low Volume. First sign of ST weakness would be Effective Selling marked below the minor poc at 1789 and the LT weakness would be indicated by […]

posted 09.10 a.m. est pre-open comment Tuesday 26th November Monday generated a higher, narrower Value Area on low Volume. Momentum for all four stock index ETFs is now positive and up. First sign of ST weakness would be Effective Selling marked below the minor (15day) poc at 1789 and the LT weakness would be indicated […]

posted 08.54 a.m. est pre-open comment Monday 25th November Friday closed above Mon-Wed Hi-Lo range which indicates active Buying on the weekly timeframe. Last week I marked Significant Selling three times early in the week and Significant Buying twice later in the week. Buyers remain in control of the dayframe, see Friday’s highlighted comments. The […]

posted 08.35 a.m. est pre-open comment Friday 22nd November Both Significant Buyers and Sellers are active but the Sellers, as already noted have not been Effective (see yesterday’s highlighted comments). Wednesday’s red-at-bottom low was not tested on Thursday which is unusual and in fact Wednesday’s high was exceeded on Thursday negating any ST negative implications […]