posted 09.18 a.m. est pre-open comment Friday 29th November Momentum for all four stock index ETFs is now positive and up. ES: Wednesday generated an overlapping/higher Value Area consolidating for the third day above 1800. First sign of ST weakness would be Effective Selling marked below the minor poc at 1789.00 and the LT weakness […]

posted 09.20 a.m. est pre-open comment Wednesday 27th November Momentum for all four stock index ETFs is now positive and up. ES: Tuesday generated an overlapping Value Area on low Volume. First sign of ST weakness would be Effective Selling marked below the minor poc at 1789 and the LT weakness would be indicated by […]

posted 09.10 a.m. est pre-open comment Tuesday 26th November Monday generated a higher, narrower Value Area on low Volume. Momentum for all four stock index ETFs is now positive and up. First sign of ST weakness would be Effective Selling marked below the minor (15day) poc at 1789 and the LT weakness would be indicated […]

posted 08.54 a.m. est pre-open comment Monday 25th November Friday closed above Mon-Wed Hi-Lo range which indicates active Buying on the weekly timeframe. Last week I marked Significant Selling three times early in the week and Significant Buying twice later in the week. Buyers remain in control of the dayframe, see Friday’s highlighted comments. The […]

posted 08.35 a.m. est pre-open comment Friday 22nd November Both Significant Buyers and Sellers are active but the Sellers, as already noted have not been Effective (see yesterday’s highlighted comments). Wednesday’s red-at-bottom low was not tested on Thursday which is unusual and in fact Wednesday’s high was exceeded on Thursday negating any ST negative implications […]

posted 09.13 a.m. est On Wednesday I marked Responsive and Aggressive Selling. Sellers are active (see red on chart) but so far have not been Effective, e.g. yesterday’s Value Area was overlapping. This could be Buyers Resting, in which case ES would most likely move quickly higher if they are marked again but as per […]

posted 08.59 a.m. est pre-open comment Wednesday 20th November There is no Effective Selling marked on this chart but the most recent imbalance was the (Ineffective) Aggressive Selling on Monday and that red-at-bottom low was tested on Tuesday. In the ST there is a very minor poc at ES 1785 which could be used as […]

posted 09.27 a.m. est pre-open comment Tuesday 19th November Dayframe: Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Monday but the session generated a higher Value Area so this was not Effective Selling. Even so, new long trades are now eliminated for me, at least until Significant Buying (green) is marked […]