posted 08.10 a.m. est pre-open comment Friday 21st June On Thursday I marked Aggressive Selling (red-at-bottom) for the second time this week.  Red-at-bottom lows are tested within a day (or two) 80% of the time, although as I’ve mentioned before that stat is not as reliable following a gap.  The entire Value Area was generated […]

posted 07.28 a.m. est pre-open comment Thursday 20th June On Wednesday I marked Aggressive Selling (red-at-bottom).  The Value Area was overlapping/lower and towards the top of the day’s price range so this wasn’t convincingly Effective Selling.  Over the last fourteen days, Significant Selling has been marked seven times and Significant Buying three times.  If you […]

posted 07.10 a.m. est pre-open comment Wednesday 19th June On Tuesday ES opened just below its S/R at 1635.50 and immediately rallied. The entire Value Area was generated above that level which is improved price location, see yesterday’s highlighted comments. Sign of strength would be Significant Buying being marked above that level.  I have dotted […]

posted 08.10 a.m. est pre-open comment Tuesday 18th June Note: We are now using the ES September contract.  The 1/2R level off May high has therefore changed, see below. The 25day poc migrated to 1636 which is close to the 1/2R at 1635.50. If ES (Sep) can print some time above 1636 it would be […]

posted 08.20 a.m. est pre-open comment Monday 17th June Over the last seven days both Significant Buying and Selling has been marked (see chart) with recent price action oscillating around the 60day poc at 1628. First Level Resistance remains the 1/2R off May high at 1641 which was Resistance on Friday and again pre-open today.  […]

posted 08.25 a.m. est pre-open comment Friday 14th June On Thursday Buyers Responded early to a test of Wednesday’s low and Aggressive Buying was also marked later in the session.  The Value Area was overlapping Wednesday’s so this was not Effeective Buying but new short trades are now eliminated for me at least until Significant […]

posted 08.05 a.m. est pre-open comment Thursday 13th June Wednesday’s session high didn’t even get to test the First Level Resistance at 1641 (dotted) before Resonsive Sellers (red-at-top) quickly auctioned ES back below the 55day poc.  Aggressive Selling was also marked later in the day.  Over the last ten days I have marked Significant Selling […]

posted 06.30 a.m. est pre-open comment Wednesday 12th June The 50 day poc migrated back down to ES 1628 on Tuesday.  First sign of ST strength would be Significant Buying marked above that level.  Further sign of ST strength would be price printing time above the minor 1/2R at 1641 with the stock indices confirming […]

posted 08.15 a.m. est pre-open comment Tuesday 11th June Strictly applying my rules I had to mark Responsive Selling (red-at-top) on Monday. I did not mark Responsive Selling on the N100 or R2000 charts.  The 50 day poc migrated to ES 1645 on Monday.  This is close to the 1/2R level and so 1641-1645 is […]

posted 09.05 a.m. est pre-open comment Monday 10th June SPY closed on Friday within Mon-Wed Hi-Lo range which does not indicate a bias on the weekly timeframe. Previous week indicated Sellers Active on this timeframe for the first time this year. The LT analysis has remained positive (at least for the US) and in the […]