posted 9.09 a.m. et pre-open comment Wednesday 6th June please note: the timeframe considered within these comments is never intended to be very short term or daytrading timeframe.   Monday generated at lower, narrower Value Area on less Volume.  Tuesday generated a higher, narrower Value Area on less Volume. Strictly applying my rules I had to […]

posted 4.25 a.m. et pre-open comment Monday 4th June Chartprofit Market Timing System remained negative for all major Market Charts.  ES closed below the Mon-Wed Hi-Lo Range which is Sellers Active on this timeframe. Previous week (w/e 25th May) Buyers were active but ineffective their activity forced by Sellers Resting.  Last week Significant Sellers were […]

posted 9.28 a.m. et pre-open comment Friday 1st June Shortly before the day session Close there was a price probe above First Level Resistance at 1314.50 which was swiftly rejected.  By the end of the session ES was printing back below the maj poc and has not printed back above that level since.  Following a […]

posted 9.17 a.m. et pre-open comment Wednesday 30th May Significant Sellers were marked on Wednesday, Aggressively auctioning ES down to the major poc Support at 1307 but not below it.  The 30dypoc migrated lower to 1314.50 which is now First Level Resistance. Pre-open ES prints between those two levels.  The Selling imbalance means that new […]

posted 9.25 a.m. et pre-open comment Wednesday 30th May In the ST, direction is not easy to judge. ES has printed three consecutive Value Areas above the major poc at 1307 which is encouraging but  Significant Buyers have not been marked for five days.  However, I have not marked Significant Sellers either and if this […]

posted 9.21 a.m. et pre-open comment Tuesday 29th May Chartprofit Market Timing System remained negative for all major Market Charts.  Weekly Structure: ES closed the week within Mon-Wed Hi-Lo Range which shows no bias. Previous week showed Sellers Active on this timeframe. Last week I marked Significant Buying twice and no Significant Selling.  This Buying […]

posted 7.46 a.m. et pre-open comment Thursday 24th May Monday’s (green-at-bottom) low has been tested so there has been no real follow-through since that Buying activity.  Maybe ES can make some progress today as it currently prints back above the 1307 poc (overnight low has been 1306 and ES has printed as high as 1323.50 […]

posted 9.24 a.m. et pre-open comment Wedesday 23rd May ES is currently oscillating around the major poc at 1307 (prints 1307 as I write pre-open).  We need to look for a clear higher low above or lower high below that level as clue re ST direction.  As I said yesterday “I’m not convinced that we’ve […]

posted at 9.18 a.m. et pre-open comment Tuesday 22nd May Significant Buying marked for the first time in more than three weeks.  In the pre-open 9th May with ES printing 1350s I said that “one of the real concerns is the lack of major Support for ES around current levels”.   Since then ES fell more […]

posted 8.54 a.m. et pre-open comment Monday 21st May Chartprofit Market Timing System remained negative for all major Market Charts. Index ETFs ended the week in a very weak price location.  Weekly Structure:  ES closed the week below Mon-Wed Hi-Lo Range which is Sellers Active on this timeframe.  On Friday I marked Aggressive Selling (red-at-bottom) […]