posted 9.21 a.m. et pre-open comment Tuesday 14th August See previous highlighted comments on graphic.  ES briefly tested the given Dayframe Support which was the 10dy poc at 1395.  This was rejected and ES closed strongly.  Pre-open today ES is probing above the LT VAH at 1404.  The March high for ES September contract is […]

posted 9.19 a.m. et pre-open comment Monday 13th August See highlighted comments from Friday’s pre-open.  Significant Buyers were marked twice on Friday following five days when Sellers did not Respond to the opportunity of higher prices.  Friday Closed the week within Mon-Wed Hi-Lo Range so there was no Bias on this timeframe.   ChartProfit Market Timing […]

posted 9.24 a.m. et pre-open comment Friday 10th August ES gapped up a week ago and has managed to consolidate the higher prices with no Response so far from the Significant Sellers.  If Sellers stay absent Buyers would be encouraged to re-enter but note the 12month VAH comes in around 1404 which may be a […]

posted 8.45 et  pre-open comment Thursday 9th August Updating from last pre-open comment which was Tuesday 31st July.  Significant Selling was marked in late July/early August but the Selling was only strong enough to auction ES down to the Second Level Support given at that time which was the 5mnth poc at 1348 (see previous […]

posted 2.45 a.m. et pre-open comment Tuesday 31st July Note: this was posted at 3a.m. et. Sellers Responed (red-at-top) on Monday.  Price is probing above the 7month VAH at 1377 (dotted).  LT Value Area Highs will often stall an uptrend but as long as ES holds above 1366 it is in a strong price location. […]

posted 8.27 a.m. et pre-open comment Monday 30th July Friday closed above Mon to Wed Hi-Lo Range so this is Buyers Active on this timeframe.  On Friday I marked Significant Buying as ES probed above the 7month VAH at 1377 (dotted).  The 1366poc is now First Level Support. The Chartprofit Market Timing System rather disappointingly […]

posted 9.22 a.m. et pre-open comment Friday 27th July ES gapped higher to Open on Thursday and the day session gap is still there.  A brief probe below the 5month poc at 1348 was rejected.  This is First Level Support and price below that level would suggest weakness in the ST. Tuesday’s Aggressive Selling imbalance […]

posted 8.43 a.m. et pre-open comment Thursday 26th July Following comments from the ECB, the market has spiked higher pre-open.  ES will very likely print above 1346 (Tuesday’s session high) in today’s session and that would negate the negative implications of Tuesday’s Aggressive Selling imbalance (red-at-bottom).  It is rare that a red-at-bottom low is not […]

posted 9.27 a.m. et pre-open comment Wednesday 25th July On Tuesday I marked Aggressive Selling (red-at-bottom).  A lower, wider VA was generated on increased Volume.  Pre-open ES prints back above the 1/2R at 1334.50 but other major charts print below their equivalent levels, e.g. IWM, QQQ, UK Ftse100.  Long trades are still eliminated for me, […]

posted 9.23 a.m. et pre-open comment Tuesday 24th July ES was much weaker at the Session Open on Monday but found Support at the First Level which was the 1/2R at 1334.50.  Therefore this chart is not yet in a weakened price location i.m.o. (SPY recovered its 1/2R by the Close).  Other charts are printing […]