posted 9.19 a.m. et pre-open comment Tuesday 26th June  I wrote pre-open yesterday that 1314.50, the 50dypoc, may be intraday Support or Resistance at the start of this week.  This would give a clue re ST direction.  ES rejected this level immediately at the Open and auctioned lower.  Pre-open today, ES is holding just above […]

posted 8.30 a.m. et pre-open comment Monday 25th June  The Chartprofit Market Timing System remained negative for Nyse and Nasdaq and neutral for the UK.    %Stocks>50dyma numbers (all major Market Charts) have not yet printed above the 50% level. Weekly Structure: ES closed the week below the Mon-Wed Hi-Lo range which indicates Sellers Active on […]

posted 9.28 a.m. et pre-open comment Friday 22nd June  Longframe: This week we have been looking for positive confirmation of the improving ST analysis, see comments from earlier in the week.  Unfortunately, this week’s Key Charts have not printed above their Resistance levels (IWM 79.00 and QQQ 64.30) and the %Stocks>50dyma numbers have not yet […]

posted 6.45 a.m. et pre-open comment Thursday 21st June  Wednesday was a very volatile day but chart held First Level Support at 1334.50 which is strong price location.  ES printed an overlapping/lower, wider Value Area on increased Volume.  Buyers have given Responsive Sellers the chance to appear over the last two days but so far […]

posted 9.22 a.m. et pre-open comment Wednesday 20th June  On Tuesday, ES printed a higher/narrower Value Area generating less Volume.  Chart has climbed a long way in just two weeks and may need to pause but as long as First Level Support holds and today’s Key Charts (below) confirm, this is strong price location. During […]

posted 5a.m. et pre-open comment Tuesday 19th June  Note: this was posted at 5a.m. On Monday I marked Aggressive Buying (green-at-top) auctioning ES to the 30dy VAH and a 25day high.  Three consecutive days of Aggressive Buying is often a point where the Buyers will rest but the ST analysis is much improved.  Key Chart […]

pre-open comment Monday 18th June  Weekly Structure: ES closed the week within the Mon-Wed Hi-Lo range which indicates no bias on this timeframe. Previous week saw Buyers Active. Last week I marked Significant Selling twice (on Monday) and Significant Buying four times.  All of this occured above the 1307 poc which is a stronger price […]

posted 9.24 a.m. et pre-open comment Friday 15th June On Thursday ES (June) generated a sixth consecutive Value Area above the 1307 poc and I marked both Responsive and Aggressive Buying. These are usually ST positives. However, the Chartprofit Market Timing system is unlikely to confirm any ST positive indications this week and the %Stocks>50dyma […]

posted 9.07 a.m. et pre-open comment Thursday 14th June Note: I will continue using the June contract until end of this week.  September is now front month but i.m.o. the reference levels are better used on June contract for now.  For clarity I am also closely watching the major poc Support on the SPY chart […]

posted 4.54 a.m. et pre-open comment Wednesday 13th June Please note this was written before 5 a.m.  Also note I will continue using the June contract until end of this week. On Tuesday, Monday’s low was tested but Support was found in the area of the major poc at 1307 as Buyers Responded (green-at-bottom) early […]