posted 9.26 a.m. et pre-open comment Wednesday 14th March On Tuesday I marked Aggressive Buying (green-at-top).  We’re getting mixed readdings from the ST Sentiment indicators and Supporting Charts (see below).  I’ll assume higher for now and repeat that “time spent below the 35day poc at 1366 would be the first sign of weakness”. First Level […]

posted 9.21 a.m. et pre-open comment Tuesday 13th March ES held the First Level Support at 1366 (see chart) and closed at the top of Monday’s range. Overnight ES has printed up into the 1380s.  Time spent below 1366 is now the first sign of weakness. First Level Support = 1366 (35 dy poc) Second […]

posted 9.22 a.m. et from pre-open comment Friday 9th March I marked Aggressive Buying again on Thursday (green-at-top). The session low found support at 1358 (dotted), the very minor 1/2R off last Wednesday’s high.   First Level Resistance at 1366 was tested but not yet convincingly exceeded.   Time printed above that level would be Bullish. First […]

posted 9.27 a.m. et Pre-open comment Thursday 8th March I marked Aggressive Buying on Wednesday (green-at-top) and ES printed above Tuesday’s session high at 1349.50 which negated any bearish significance of  Tuesday’s selling imbalance.   I said pre-open yesterday that the main thing to monitor is “whether ES can hold above 1346” which, for now at […]

posted 9.21 a.m. et Pre-open comment Wednesday 7th March By strictly applying my rules I had to mark Significant Selling yesterday (red-at-bottom) but it was only just.  Some comments on this; firstly yesterday’s session was a gap down and I know from experience that gaps temper the significance of these imbalances.  Secondly, if ES prints […]

posted 9.25 a.m. et Pre-open comment Tuesday 6th March The 30day poc migrated to 1366 on Monday – this is now First Level Resistance.  This is now a more important level than 1346 although 1346 remains First Level Support.  Pre-open ES has printed as low as 1349.25 so First Level Support could well be tested […]

posted 9.27 a.m. et Pre-open comment Monday 5th March Longframe: Weekly Structure showed no bias.  Chartprofit Market Timing System remained positive for Nyse, turned neutral for Nasdaq and remained positive for UK.  ES built Value slightly higher last week with a series of overlapping Value Areas.  I have not yet marked a significant Response from […]

posted 9.29 a.m. et Pre-open comment Friday 2nd March Another overlapping/higher Value Area on Thursday.  It’s actually been slow progess upside so far this week but in the abscence of Significant Sellers I have to assume higher in the ST until I mark Significant Selling below 1357 and in the LT until I mark Significant […]

posted 6.15 a.m. et Pre-open comment Wednesday 29th February Note: this was written more than three hours before Open. 15day poc moved to 1357.  This is now First Level Support.  First sign of weakness in the dayframe would be time spent below this level. First Level Support = 1357 (15 dy poc) Second Level Support […]

posted 9.24 a.m. et Pre-open comment Wednesday 29th February Buyers are still in control of the dayframe but ES appears to be grinding higher rather than trending – note the overlapping Value Areas.  Still, the last four Value Areas have been printed above the minor poc at 1355 and no markable Response yet from the […]