posted 07.40 a.m. est pre-open comment Wednesday 17th July Please note I would have preferred to have posted this shortly before pre-open today but circumstances meant it had to be posted at 07.30a.m.  FED report due. On Tuesday Sellers Responded (red-at-top) immediately after the open.  This is the first Significant Selling I have marked in […]

posted 08.26 a.m. est pre-open comment Tuesday 16th July Monday generated a higher Value Area. SPY has closed higher for eight consecutive days which obviously a rare occurrence but Significant Selling has not been marked for sixteen days.  ES printed as high as1679.50 on Monday.  The May high (Sep contract) is 1680.25.  1st Level Support […]

pre-open comment Monday 15th July The four stock index ETFs are in a much stronger price location.  Price Osc is back above zero for these charts indicating trend is up.  See charts in today’s Ebook for relevant poc levels that must hold to maintain strong price location. ES: Friday closed above Mon-Wed Hi-Lo Range which […]

posted 09.00 a.m. est pre-open comment Friday 12th July Thursday generated a higher Value Area and Aggressive Buying (green-at-top) was marked.  No Significant Selling has been marked for fourteen days and, most importantly, the 4mn poc has migrated higher to 1645.  This is now important Support and as long as ES holds this level it […]

posted 08.05 a.m. est pre-open comment Thursday 11th July Wednesday generated an overlapping Value Area.  No Significant Selling has been marked for thirteen days.  ES has printed high 1660’s pre-open today. Sentiment data is interesting (see below). 1st Level Support = ES 1628.00 (3mn poc) Stocks>50dyma numbers: Nyse 61%, Nasdaq 73%, R2000 76%.  Numbers >50 […]

posted 09.03 a.m. est pre-open comment Wednesday 10th July Tuesday generated a third consecutive higher Value Area.  No Significant Selling has been marked for twelve days. If I plot a price distribution using data from the start of this year I note that the poc is currently at 1549 (exactly at the centre of that […]

posted 04.40 a.m. est pre-open comment Tuesday 9th July Note: this was posted at 04.40 a.m. est. See yesterday’s highlighted comments.  Monday generated a higher, albeit narrower, Value Area printed entirely above the 1628 poc which is now the level to monitor.  A further positive would now be Significant Buying marked above this level. 1st […]

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 […]