posted 09.13 a.m. est On Wednesday I marked Responsive and Aggressive Selling. Sellers are active (see red on chart) but so far have not been Effective, e.g. yesterday’s Value Area was overlapping. This could be Buyers Resting, in which case ES would most likely move quickly higher if they are marked again but as per […]

posted 08.59 a.m. est pre-open comment Wednesday 20th November There is no Effective Selling marked on this chart but the most recent imbalance was the (Ineffective) Aggressive Selling on Monday and that red-at-bottom low was tested on Tuesday. In the ST there is a very minor poc at ES 1785 which could be used as […]

posted 09.27 a.m. est pre-open comment Tuesday 19th November Dayframe: Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Monday but the session generated a higher Value Area so this was not Effective Selling. Even so, new long trades are now eliminated for me, at least until Significant Buying (green) is marked […]

posted 08.44 a.m. est pre-open comment Monday 18th November SPY closed the week above Mon-Wed Hi-Lo Range which indicates Buyers Active on this timeframe. ES: Last week I marked Significant Buying three times and no Significant Selling with all five Value Areas being printed above the 1758.50 poc. The weekly bar was higher so this […]

posted 09.18 a.m. est pre-open comment Friday 15th November ES progressed higher on Thursday following Wednesday’s double Buying imbalance. generated a higher Value Area. If there is a strong end to the week then Momentum (PriceOsc) for the four index ETFs could turn back up. Some LT Sentiment measures showed further increase in worryingly high […]

posted 09.20 a.m. est pre-open comment Thursday 14th November On Wednesday ES opened below ST Support at 1758.50 (40dy poc) and Buyers Responded immediately (green-at-bottom), see yesterday’s highlighted comments. Later in the day Aggressive Buying was also marked (green-at-top). An “outside” Value Area was generated. Buyers are active and as long as ES holds above […]

posted 08.47 a.m. est pre-open comment Wednesday 13th November Tuesday generated a lower, wider Value Area. The 40day poc migrated very slightly to 1758.50. ES needs to hold this level to remain in a ST strong price location and pre-open is printing below. The minor VAH is also slightly higher at 1768.50 (dashed) and currently […]

posted 08.52 a.m. est pre-open comment Tuesday 12th November Monday generated a very narrow Value Area on low Volume. If more time is printed at current levels then the the 40day poc at 1757.50 could migrate higher, see yesterday’s highlighted comments. For now, as long as ES holds above that Support it is in a […]