posted 08.47 a.m. et pre-open comment Tuesday 11th September On Monday Significant Sellers were marked but the Value Area generated was overlapping Friday’s VA so this was not Effective Selling.  Price above 1438 (yesterday’s session high) would negate the ST negative implications of that Selling imbalance but until that happens, or Buying (green) is marked, […]

posted 07.50 a.m. et pre-open comment Monday 10th September The Chartprofit Market Timing System is now positive for all Major market Charts.  The %Stocks>50dyma numbers are all well above 50 which is supportive. Last week I marked Significant Buying twice and no Significant Selling.  As I wrote pre-open Thursday ES held above its poc Support […]

posted 9.13 a.m. et pre-open comment Friday 7th September See yesterday’s highlighted comments.  ES broke out of its range to the upside with Significant Buying marked.  ES held above the 25day poc Support across the recent range and therefore the chart did not break down which I said yesterday was a positive.  The 8month poc […]

posted 9.27 a.m. et pre-open comment Thursday 6th September Wednesday generated yet another daily Value Area within the price area bounded by the dotted VAH and VAL of the longer timeframe.  We should look for a breakout of this range to occur soon.  Note that the 25dy poc at 1398.50 held as Support across this […]

posted 5a.m. et pre-open comment Wednesday 5th September Note: this was posted at 5a.m. Tuesday’s session high was 1408.25 – just below yesterday’s First Level resistance at 1408.50 (see chart).  This was the sixth day where no Significant Buying or Selling has been marked.  That’s unusual and I would expect to mark one or the […]

posted 9.00 a.m. et pre-open comment Tuesday 4th September Last week I marked no Significant Buying or Selling.  Two levels are currently attracting time.  Significant Buying marked above 1408.50 would indicate higher and Significant Selling marked below 1398.50 would indicate lower.  Price printing between these levels does not currently give us any useful information. Friday’s […]

posted 08.38 a.m. et pre-open comment Friday 31st August On Thursday ES printed a lower Value Area and enough time was spent at 1398.50 (see chart) to shift the 40dy poc back to this level (from 1408.50).  This often happens when two close levels both attract time.  Both these levels are of importance in the […]

posted 9.05 a.m. et pre-open comment Thursday 30th August Three days of consolidation with no Significant Buying or Selling marked but enough time has now been spent at 1408.50 to lift the 40dy poc to that level (see yesterday’s highlighted comment) and that is significant.  This is now the important ST level to monitor.  ES […]

posted 9.06 a.m. et pre-open comment Wednesday 29th August Tuesday generated a narrow overlapping Value Area with no Significant Buying/Selling.  Therefore there is little to add to previous comment (highlighted).  1408.50 is the level attracting time since the price high on 08/21.  It is possible (with more time) that the 40dy poc could migrate up […]

posted 9.02 a.m. et pre-open comment Tuesday 28th August ES exceeded Monday’s green-at-top high during Tuesday’s session but there was little follow-through and weakness to the Close.  Value Area was overlapping/higher, but narrower on less Volume.  The most recent imbalance was the Aggressive Buying on Friday so I need more evidence of weakness before considering […]