posted 09.18 a.m. est pre-open comment Monday 16th September Note: this week we will switch to the ES December contract. Aggressive Buying was marked on Monday and Wednesday last week and ES was higher and closed strong so this was Effective Buying on the weekly timeframe.  Significantly, on Friday the 12mn poc migrated to 1685.50.  […]

posted 09.17 a.m. est pre-open comment Friday 13th September Aggressive Buying was marked on Monday and Wednesday this week following the Responsive Buying last Friday.  ES is higher this week so this is Effective Dayframe Buying and the last seven Value Areas have all been generated above 1644.50, the 5mn poc, with no Significant Selling […]

posted 03.50 a.m. est pre-open comment Wednesday 11th September Tuesday’s session generated a higher, albeit narrower Value Area.  Breadth numbers improved again.  Buyers are in control of the dayframe.  Breadth improved again, see below. SPY and IWM gapped higher, the 1/2R off Aug high is now Support for these charts; SPY 167 and IWM 102.90. […]

posted 08.49 a.m. est pre-open comment Tuesday 10th September >>if 1638 holds at the start of this week I will take it as a sign of strenth in the ST. Aggressive Buying above that level would be a further postive.<< Aggressive Buying (green-at-top) was marked on Monday as ES broke above the 1/2R Resistance at […]

posted 08.20 a.m. est pre-open comment Monday 9th September ST ES analysis has improved. LT analysis has not. On Wednesday last week the minor (26day) poc migrated to 1638 and on Friday the session low came in at that level with Responsive Buying being marked, see chart. The last three Value Areas have printed above […]

posted 09.25 a.m. est pre-open comment Friday 6th September Thursday’s session generated a higher, narrower Value Area on less Volume.  Pre-open today ES has printed as high as 1663.50, just below Resistance at 1665 (min 1/2R off Aug high).  SPY and IWM also approach their equivalent Resistance at the 1/2R off August high:  SPY 167.00, […]

posted 09.05 a.m. est pre-open comment Thursday 5th September The minor (26day) poc migrated to 1638 and this level was rejected early as ES auctioned higher, negating any negative implications of Tuesday’s red-at-top high.  As I wrote recently “the implications of the red and green imbalances are less reliable close to a poc until one […]

posted 08.30 a.m. est pre-open comment Wednesday 4th September An early probe above the 1644.50 poc was rejected on Tuesday and Responsive Selling (red-at-top) was marked.  A higher/overlapping Value Area was generated. Momentum (although negative) turned up yesterday for the four Stock Index ETFs but this is the only plus factor I can find.  I […]

posted 08.35 a.m. est pre-open comment Tuesday 3rd September Friday closed within Mon-Wed Hi-Lo range indicating no bias on the weekly timeframe.  Previous week indicated Ineffective Buying and week before that saw Effective Selling. ES analysis: Last week I marked Aggressive Selling twice early in the week and Responsive Buying twice later in the week.  […]

posted 09.13 a.m. est pre-open comment Thursday 29th August See yesterday’s highlighted comments on graphic.  Buyers Responded early in Thursday’s session just above the previous poc at 1627 which I consider proven Support – see chart.  ES then auctioned higher with the high coming in at the 1644.50 poc Resistance.  This level has again been […]