posted 09.24 a.m. est pre-open comment Thursday 29th August Last week the 5mn poc migrated higher to 1644.50.  Previous to that the poc was at 1627 and Buyers Responded on Wednesday (green-at-bottom) to a probe below that level.  Potentially this level could attract more time and the multi-month poc “could” migrate back down so – […]

posted 09.23 a.m. est pre-open comment Wednesday 28th August The high of Tuesday’s session came in at the 6mn poc at 1644.50.  Aggressive Selling was marked later in the day for the second time this week and this time below that poc .  This is weak price location.  With the LT analysis still negative I […]

posted 07.58 a.m. est pre-open comment Tuesday 27th August ST analysis improved last week.  SPY held important Support and breadth improved. LT analysis has not confirmed.  Friday closed above Mon-Wed Hi-Lo range indicating Buyers active on the weekly timeframe but the weekly bar was lower and narrower so this was not Effective Buying on this […]

posted 09.12 a.m. est pre-open comment Friday 23rd August See Wednesday’s highlighted comments. Both Significant Buyers and Sellers have been active this week.  Actually on alternate days.  This seemingly unusual activity is understandable in the area of an important poc because both parties see opportunity.  To my mind a poc is a level representing value, […]

Both Significant Buyers and Sellers have been active this week.  Actually on alternate days.  This seemingly unusual activity is understandable in the area of an important poc because both parties see opportunity.  To my mind a poc is a level representing value, i.e. Buyers see it as an area to Buy and Sellers see it […]

posted 09.17 a.m. est pre-open comment Thursday 22nd August On Wednesday the 5mn poc migrated to 1644.50.  This is significant and brings the poc to a similar level to the SPY poc, see below.  If ES prints below 1644.50 it is in a weak price location and further weakness would be likely.  Aggressive Selling was […]

posted 09.17 a.m. est pre-open comment Wednesday 21st August Responsive Buying (green-at-bottom) was marked on Tuesday at the 1642, the 60day VAL, see   S&P-500 emini price distribution off June low This level cannot necessarily be relied on for Support but interesting that ES has paused here.  Yesterday’s session generated an overlapping VA so this is […]

This is the developing distribution off the June low.  ES (Sep).  The Value Area Low (VAL) at 1642 cannot necessarily be relied on for Support but interesting that ES has paused here.  Note that the VAL and VAH will move if the poc of this distribution (currently at 1686) migrates.

posted 09.27 a.m. est pre-open comment Tuesday 20th August Monday’s session generated a lower/overlapping, wider Value Area and Aggressive Selling (red-at-bottom) was marked again.  Some daily indicators are technically oversold but with Sellers in control of the dayframe and breadth numbers deteriorating (see below) Buyers need to make an Effective appearance before I would consider […]

posted 08.35 a.m. est pre-open comment Monday 19th August Early last week I marked Significant Buying twice but this was followed by Aggressive Selling on Wednesday and Friday and for the first time in many weeks Friday closed below Mon-Wed Hi-Lo range indicating Sellers active on the weekly timeframe.  The weekly bar was lower and […]