posted 9.13 a.m. est pre-open comment Wednesday 7th November Tuesday’s session generated a higher, wider Value Area on increased Volume but still no Significant Buying to mark.  ES overnight high was 1431.75 which again was a test of the 1/2R off the Sep high at 1431.25 but that probe higher was rejected again and pre-open […]

posted at 7.45 a.m. est pre-open comment Tuesday 6th November Monday’s session generated a lower, narrower Value Area on less Volume.  No Significant Buying has been marked for thirteen days now.  Sellers are still in control of the dayframe. On Friday the 1/2R level off the Sep high at 1431.25 was clear Resistance (see chart).  […]

posted 9.18 a.m. est pre-open comment Monday 5th November On Friday Responsive Sellers (red-at-top) appeared as ES probed 1431.25 (1/2R off Sep high) early in the session. Aggressive Selling (red-at-bottom) was also marked later in the day.  Equities pulled back and the dollar rallied (see Friday’s comments above). Breadth is not supportive for the U.S. […]

posted 9.23 a.m. et pre-open comment Friday 2nd November Thursday’s session gapped higher and generated a narrower Value Area on less Volume.  Pre-open today ES has probed up into the 1/2R Resistance at 1431.25.  Nyse %Stocks>50dyma number is back above 50 which is encouraging; but the Nasdaq number remains below 50.  Following the jobs data […]

posted 9.17 a.m. et pre-open comment Thursday 1st November Wednesday’s session generated yet another overlapping Value Area above the maj poc Support at 1397.  In the longer timeframe this chart has not broken down.  That would happen if Effective Selling is marked below 1397.  Effective Buying marked above 1397 would be encouraging and see also […]

posted 09.08 a.m. et pre-open comment Wednesday 31st October Dayframe: Last week I marked Significant Selling twice and no Significant Buying.  Sellers are in control of the dayframe.  While the US markets have been closed this week Europe has rallied a little and overnight ES has printed as high as 1418.25. Longframe: The ChartProfit Market […]

posted 9.15 a.m. et pre-open comment Monday 29th October Daygrame: Last week I marked Significant Selling twice and no Significant Buying.  Sellers are in control of the dayframe. Longframe: The ChartProfit Market Timing Charts are negative for Nyse and Nasdaq (UK stayed positive)and %Stocks>50dyma numbers are less than 50 for both charts (UK number stayed […]

posted 09.12 a.m. et pre-open comment Friday 26th October Thursday’s session generated another overlapping Value Area and, like Wednesday, Responsive Selling (red-at-top) was marked early in the session. The VAL at 1403 (dashed) has been probed in each of the last three sessions but no significant time has been printed below it.  Overnight ES has […]

posted 05.20 a.m. et pre-open comment Thursday 25th October Note: this was written at 05.25 a.m. et Wednesday’s session generated an overlapping VA on less Volume.  The VAL of the range from early August at 1403 (dashed) has been briefly tested twice but no time has been printed below it.  However, the most recent imbalance […]

posted 9.15 a.m. et pre-open comment Wednesday 24th October Tuesday’s session generated a lower VA on increased Volume and, like Monday, the whole of yesterday’s session took place below the 1435 poc which is weak price location.  Looking at a longer timeframe (than 2months) the VAL of the range from early August comes in at […]