posted 08.42 a.m. est Pre-open comment Tuesday 31st December Monday’s session generated another narrow Value Area consolidating price above 1830. As long as ES holds above the 4mn poc at 1803.50 it is in a strong price location. Support = 1803.50 (4mn poc) Stocks>50dyma numbers: Nyse 68% (from 67%), Nasdaq 72% (unchanged), R2000 72% (from […]

posted 08.56 a.m. est Pre-open comment Monday 30th December Last week I marked Significant Buying once. Significant Selling has not been marked for twelve days. As long as ES holds above the 4mn poc at 1803.50 it is in a strong price location. Support = 1803.50 (4mn poc) Stock index ETFs: Momentum for all four […]

posted 09.09 a.m. est Pre-open comment Friday 27th December Thursday’s session generated a higher, wider Value Area. Aggressive Buying (green-at-top) was marked. The 4mn poc migrated up to 1803.50, this is now Support and ES is in a strong price location as long as it holds this level. Support = 1803.50 (4mn poc) Stocks>50dyma numbers: […]

posted 07.05 a.m. est Pre-open comment Tuesday 24th December Monday’s session generated a higher, narrower Value Area on low Volume. ES is in a strong price location as long as it holds above 1792. Time: In light of the current Sentiment indications, see below, we should look at potential termination dates. Seasonally the market is […]

posted 09.03 a.m. est Pre-open comment Monday 23rd December Last week I marked Significant Buying once and no Significant Selling. Mid week ES probed down towards the 1758.50 poc. Support was found just above this level and ES rallied strongly for the rest of the week, closing at a new high. As long as ES […]

posted 08.58 a.m. est Pre-open comment Friday 20th December Thursday’s session generated a higher, narrower Value Area above the 1792.00 poc with ES consolidating price close to the previous day’s high. As long as ES holds above this level it is in a strong price location in the ST. Sentiment is a concern (see below) […]

posted 09.22 a.m. est Pre-open comment Thursday 19th December Fed announced it would slow down its bond buying program. ES initially sold off but held the Support at 1758.50 and then rallied strongly. Aggressive Buying (green-at-top) was marked and ES is now printing above the 1792.00 poc. As long as ES holds above this level […]

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 […]