posted 09.12 a.m. est pre-open comment Monday 11th November Dayframe: from pre-open Tuesday 15th October >>1702.50 is the VAH of the distribution that began early July. If this level does not stall the chart it suggests, imo, that a new bullish distribution has begun<< The current VAL of the distribution mentioned is at 1737.50. Pre-open […]

posted 08.28 a.m. est pre-open comment Friday 8th November Sellers Responded (red-at-top) for a second time above 1770 and a probe above last week’s high was rejected. Later in the day Aggressive Selling (red-at-bottom) was also marked and this was below the minor poc at 1757.50 which puts ES in a ST weak price location […]

posted 09.15 a.m. est pre-open comment Thursday 7th November Wednesday’s session generated a higher, narrower Value Area. As long as ES holds above 1757.50 it is a strong price location in the ST. If market were to push higher I would expect a further increase in bullish sentiment which is already high (see below). First […]

posted 08.48 a.m. est pre-open comment Wednesday 6th November Significant Buyers Responded on Tuesday (green-at-bottom), suggesting that Buyers are still in control of the dayframe, see Tuesday’s highlighted comment. New short trades are eliminated for me at least until Significant Selling (red) is marked again. Also the minor poc migrated higher to 1757.50, as I […]

posted 06.50 a.m. est pre-open comment Tuesday 5th November Monday’s session generated a higher/overlapping, narrower Value Area on low Volume. We should be a little concerned that the Rydex traders are getting enthusiastic (see below) but as long as ES holds above the minor poc at 1737.50 it remains in a strong price location. Significant […]

posted 07.52 a.m. est pre-open comment Monday 4th November Significant Selling was marked on Wednesday following fifteen days of Active Buying where no Selling was marked. In the longer timeframe this Selling can be classified as Responsive because it occured above the minor 25dy poc at 1737.50. That poc may migrate which may provide a […]

posted 08.05 a.m. est pre-open comment Friday 25th October Thursday generated a higher, wider Value Area above the minor poc at 1737.50, see previous comments, highlighted. Aggressive Buying (green-at-top) was marked. Significant Selling has not been marked for twelve days. First Level LT Support = 1685.50 poc Second Level LT Support = 1653.50 poc Stocks>50dyma […]

posted 09.08 a.m. est pre-open comment Thursday 24th October On Wednesday Buyers Responded (green-at-bottom) to the slightest opportunity which was a probe below the minor poc at 1737.50, see chart.  Price printing time below this level would indicate their control is lessening and be the first sign of ST weakness. Significant Selling has not been […]

posted 08.56 a.m. est pre-open comment Wednesday 23rd October Overnight ES tested down to the minor poc at 1737.50 which provided Support. As I mentioned yesterday this may be a useful level to monitor in the ST. Price printing time below this level would be the first sign of ST weakness. Significant Selling has not […]