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 […]

posted 08.30 a.m. et pre-open comment Monday 27th August Weekly Structure: Friday’s Close was within Mon-Wed Range so there is no bias on this timeframe.  The Chartprofit Market Timing System remained positive for all three Major Market Charts.  %Stocks>50dyma numbers: Nyse = 72;  Nasdaq = 55. Last week I marked Significant Selling three times and […]

posted 9.10 a.m. et pre-open comment Friday 24th August Thursday’s session generated a lower Value Area on less Volume.  Aggressive Selling was marked (red-at-bottom) on this timeframe (dayframe).  On the longer timeframe all the Significant Selling marked this week can be classified as Responsive because it has taken place above the poc at 1398.50.  In […]

posted 9.29 a.m. et pre-open comment Thursday 23rd August See previous comments. ES rallied as high 1418 overnight but has faded since.  If further weakness is seen and Wednesday’s low is broken then the Support at 1389.50 would come into play.  I would need to see Significant Buying marked above that level to consider new […]

posted 8.59 a.m. et pre-open comment Wednesday 22nd August On Tuesday I marked Significant Selling for the first time this month.  Sellers Responded around 1425 and later in the day more Aggressive Selling was marked.  The Value Area was overlapping/higher so this was not Effective Selling. Even so, new long trades are eliminated for me until […]

posted 9.26 a.m. et pre-open comment Tuesday 21st August With Significant Sellers making no appearance across the recent range ES is seeking them higher.  Currently the first indication of weakness would only occur if Significant Selling is marked below the First Level Support at 1398.50. Key Chart SPY has broken out to a new four […]

posted 8.59 a.m. et pre-open comment Monday 20th August Last week I marked Significant Buying three times and no Significant Selling.  Friday’s Close was above the high of Mon-Wed Range so this is Buyers Active on this timeframe.  Currently the first indication of weakness would only occur if Significant Selling is marked below the First […]

posted 8.55 a.m. et pre-open comment Friday 17th August Buyers Responded (green-at-bottom) again on Thursday at the slightest opportunity which was a probe below Wednesday’s Value Area.  Later in the day I marked Aggressive Buying (green-at-top).  Sellers had an opportunity for eight days within this higher range to make a mark and they did not […]

posted 9.06 a.m. et pre-open comment Thursday 16th August Buyers Responded (green-at-bottom) just above yesterday’s First Level S/R at 1398.50 which was the newly migrated 25dy poc.  Significant Sellers have not been marked at all across this consolidation above 1390 so I will assume for now this is Buyers Resting.   However, the LT VAH at […]

posted 9.21 a.m. et pre-open comment Wednesday 15th August ES opened Tuesday’s session above the LT VAH at 1404 (dotted) but no progress has been made above that level.  The March high for ES September contract is 1413.50.  Dayframe: The 25dy poc migrated to 1398.50 which could be dayframe Support or Resistance and a useful […]