posted 08.00 a.m. est pre-open comment Monday 8th July SPY closed above Mon-Wed Hi-Lo Range which indicates Buyers Active on this timeframe.  The four stock index ETFs have cleared their Resistance.  As long as these levels (highlighted on graphic) now hold as Support, charts are in a much stronger price location.    Following Wednesday’s Responsive Buying […]

pre-open comment Friday 5th July >>ETF Resistance: SPY 162.40; DIA 150.14; QQQ 72.05; IWM 97.87 ETF Support: SPY 155.80; DIA 144.24; QQQ 68.62; IWM 93.62.<< The Support levels (above) that we have been monitoring held last week (SPY and IWM exactly) and pre-open today all four ETFs are printing above their Resistance levels.  If these […]

posted 07.45 a.m. est pre-open comment Monday 1st July SPY closed on Friday within Mon-Wed Hi-Lo range which indicates no bias on the weekly timeframe.  Buyers have not been active on this timeframe for six weeks.    ES found Support early last week at the 11mn poc at 1548.  Price below this level would be very […]

posted 07.40 a.m. est pre-open comment Friday 28th June Thursday generated another higher but narrow Value Area.  ES has approached the 1/2R at 1616.75 but has not yet exceeded it.  Some of the major charts have also approached the given Resistance (see below) but only IWM has exceeded its 1/2R and has probed its 40dy […]

posted 07.48 a.m. est pre-open comment Thursday 27th June Wednesday generated another higher but narrow Value Area.  I have yet to mark Significant Buying although the next level Support (given last week) has so far held on all the charts:  ES 1548; SPY 155.80; DIA 144.24; QQQ 68.62; IWM 93.62.  The market hit a new […]

posted 07.50 a.m. est pre-open comment Wednesday 26th June Tuesday generated a higher, narrower Value Area.  I have yet to mark Significant Buying although the next level Support (given last week) has so far held on all the charts:  ES 1548; SPY 155.80; DIA 144.24; QQQ 68.62; IWM 93.62. %Stocks>50dyma numbers: Nyse 32%, Nasdaq 51%, […]

posted 08.13 a.m. est pre-open comment Tuesday 25th June Monday generated a lower, wider Value Area.  So far, pre-open today ES has rallied as high as 1578.25.  The next level of Support as shown last week (and below) has so far held on all the charts.  Next Level Support as follows: ES 1548; SPY 155.80; […]

posted 09.07 a.m. est pre-open comment Monday 24th June Last week I marked Significant (Aggressive) Selling twice and no Significant Buying.  Please see previous comments highlighted on graphic. SPY closed on Friday below Mon-Wed Hi-Lo range which indicates Sellers Active on the weekly timeframe.  Three weeks ago Sellers were marked as active on this timeframe […]