posted 09.10 a.m. est pre-open comment Monday 4th March Last week I marked Significant Buyers twice and Significant Sellers twice. On Friday Buyers Responded (green-at-bottom) early in the session. New short trades are eliminated for me at least until Significant Sellers are marked again.  Dayframe: ES1506 is minor 1/2R off February’s high.  Price below this […]

posted 09.13 a.m. est pre-open comment Friday 1st March Thursday generated a higher, narrower Value Area.  VAH based on the range since mid January comes in a 1519.50 (dashed line on chart).  ES is finding it difficult  to print time above here.  The poc at 1517.50 was tested yesterday but weakness in the p.m. meant […]

posted 08.05 a.m. est pre-open comment Thursday 28th February ES 1495 proved to be intraday Support early in the session and Wednesday generated a higher, wider Value Area which means that yesterday’s  Aggressive Buying (green-at-top) was “Effective” Buying.  New short trades are eliminated for me at least until Significant Selling is marked again.  As I […]

posted 08.50 a.m. est pre-open comment Wednesday 27th February Tuesday generated a lower, narrower Value Area on less Volume.  In the p.m. ES managed to rally back and test the 1495 poc and pre-open today has printed as high as 1497. Sampling the data on a 30minute basis gives us 1495 as the most important […]

posted 08.55 a.m. est pre-open comment Tuesday 26th February On Monday I marked both Responsive (red-at-top) and Aggressive (red-at-bottom) Selling.  Note that red-at bottom lows are tested 80% of the time within a day or two.  Monday’s Value Area was overlapping so strictly speaking this is not Effective Selling.  Even so this was a reversal […]

posted 09.02 a.m. est pre-open comment Monday 25th February A number of Sentiment indicators are at, or close to a Bullish extreme which is a concern but the sell-off mid-week worked off some of the “overboughtness” (see below).  Both the LT and ST analysis remain positive. First sign of weakness would be “Effective” Selling and […]

posted 08.16 a.m. est pre-open comment Friday 22nd February ES found its session low at 1495, our exact First Level Support (see yesterday’s comments). This is now minor proven Support and ST Bulls would hope this level holds.  Price below 1495 would be weakened price location.  The most recent imbalance was Wednesday’s Selling and I […]

posted 08.35 a.m. est pre-open comment Thursday 21st February ES sold off sharply late in the session.  Aggressive Selling (red-at-bottom) was marked but the Value Area was overlapping the previous VA.  I classify marked Selling as “Effective” if the Value Area is lower and wider and Wednesday’s was not.  Even so, new long trades are […]

posted 07.45 a.m. est pre-open comment Wednesday 20th February ES broke higher on Tuesday and Significant Buying was marked.   The entire session was above the First Level Support at 1517.50 which is the 30day poc. First Level Support = 1517.50 (30dy poc) Second Level Support = 1495 (45dy poc) %Stocks>50dyma numbers: Nyse 79% and Nasdaq […]

posted 09.12 a.m. est pre-open comment Tuesday 19th February A number of Sentiment indicators are at, or close to a Bullish extreme which is a concern and the market is overbought.  But both the LT and ST analysis remain positive. First sign of weakness would be “Effective” Selling marked and that hasn’t happened since mid […]