posted 9.29 a.m. et Pre-open comment Friday 13th January In light of the Sentiment measures pushing quickly higher recently the market may want to set back here.  Pre-open ES has printed as low as 1279.75. ES printing below 1271.50 would indicate further weakness and suggest this week’s test of the October high was a false […]

posted 06.05 a.m. et Pre-open comment Thursday 12th January Very little to add to yesterday’s comments, highlighted on graphic.  Significant Sellers have not been marked for thirteen days.   Pre-open ES has printed its highest level since August. First Level Support = ES 1271.50 (20dy poc)  SPY = 127.91 Second Level Support  = ES 1256 (poc)  […]

posted 9.29 a.m. et Pre-open comment Wedesday 11th January On Monday ES gapped higher and consolidated during the day session.  Pre-open today ES has printed as low as 1279.25.  As long as ES holds above 1271.50 it is in a strong price location.  Significant Sellers have not been marked for twelve days.   EURUSD is the […]

posted 9.28 a.m. et Pre-open comment Tuesday 10th January On Monday the minor (20day) poc migrated higher to 1271.50.  This is now First level Support.  I have not marked Significant Selling for eleven days.  ES gapped higher today and pre-open has printed as high as 1290. First Level Support = ES 1271.50   SPY = 127.91 […]

posted 9.22 a.m. et Pre-open comment Monday 9th January Last week I marked Significant Buying twice. I have not marked Significant Selling for twelve days.  All of last week’s price action held above the 1256 poc Support. Friday closed within the Mon-Wed Range which shows no directional bias.  The Chartprofit Market Timing System is now […]

posted 9.29 a.m. et Pre-open comment Friday 6th January Aggressive Buying (green-at-top) was marked on Thursday. All this week’s price action has held above the 1256 poc Support and Significant Selling has not been marked for eleven days. Pre-open ES has printed as high as 1282.25 following data release. Support = ES 1256 (poc) SPY […]

posted 9.29 a.m. et Pre-open comment Thursday 5th January Tuesday’s probe above the 4month VAH at 1265 may be a test-failure.  On Wednesday Responsive Buying was marked (green-at-bottom) but the Value Area was overlapping/lower so this is not Effective Buying.  I would want to see Significant Sellers marked before anticipating further weakness, see yesterday’s comments […]

posted 9.29 a.m. et Pre-open comment Wednesday 4th January Tuesday’s session represented a probe above the 4month VAH at 1265.  Pre-open ES prints almost back down at that level.  This may be a failed test.  I would look for Significant Selling to be marked before anticipating further weakness in the ST.  And I would want […]

posted 9.15 a.m. et Pre-open comment Tuesday 3rd January Last week I marked Significant Buying once and no Significant Selling.  Friday closed within the Mon-Wed Range which shows no directional bias on this timeframe – previous week indicated Effective Buying. The Chartprofit Market Timing System remained positive for Nyse and negative for Nasdaq; R2k Market […]

posted 9.28 a.m. et Pre-open comment Friday 30th December On Thursday I marked Aggressive Buying for the third time in four days and yet the chart has not managed to break above the VAH. You can see from the chart that the 1244 Support and the 1265 Resistance have limited the range for the last […]