posted 09.11 a.m. est pre-open comment Friday 1st February pre-open yesterday>>A day of Effective Buying followed by a day of Ineffective Selling is not necessarily a bearish pattern so we need more evidence (i.e. Effective Selling) to assume further weakness on even the minor timeframe.<< Thursday’s session generated a lower, narrower value Area on less […]

posted 09.14 a.m. est pre-open comment Thursday 31st January On Wednesday Significant Selling was marked for the first time in twenty two days.  Note that Wednesday generated an inside Value Area so this was not Effective Selling. Even so, new long trades are now eliminated for me at least until Significant Buying is marked again.  […]

posted 09.05 a.m. est pre-open comment Wednesday 30th January Aggressive Buying was marked again on Tuesday.  A higher, wider Value Area on increased Volume was generated.  ES continues to auction higher in search of a Response from the Sellers who have now been absent for twenty days. %Stocks>50dyma numbers: Nyse 88% and Nasdaq 78%.   Numbers […]

posted 08.57 a.m. est pre-open comment Tuesday 29th January Monday generated a narrow, inside, Value Area on reduced Volume.  Significant Sellers are still absent (for nineteen days) and recently any intraday weakness has been Supported at the previous day’s poc (see 22nd, 24th, 25th).  But there’s been no Significant Buying marked for three days either […]

posted 08.55 a.m. est pre-open comment Monday 28th January Last week I marked Significant Buying twice. Significant Sellers have not been marked for eighteen days. ES Closed above Mon-Wed Hi-Lo Range which is a positive weekly structure. Breadth: Chartprofit Market Timing System is positive for all Major Market Charts. %Stocks>50dyma numbers: Nyse 92% and Nasdaq […]

posted 9.12 a.m. est pre-open comment Friday 25th January Thursday’s session generated a higher, wider Value Area on increased Volume. Significant Sellers have not been marked for seventeen days.  Dayframe:  The very minor (9day) poc migrated to 1487 on Thursday and is the best reference level for Support intraday. First Level Support  = 1453 (4mn […]

posted 9.18 a.m. est pre-open comment Thursday 24th January On Wednesday I marked Aggressive Buying for the third consecutive day which is unusual.  Value Area was higher but narrower and lon reduced Volume. Still no Response from the Sellers who have been absent now for sixteen days.  First Level Support  = 1453 (4mn poc) Second […]

pre-open comment Wednesday 23rd January On 10th Jan I wrote “If Sellers do not make an appearance soon Buyers will most likely re-enter and seek them higher.”  Since then ES has pushed higher but so far there has been no Response from the Significant Sellers.  Yesterday’s Aggressive Buying auctioned ES up in the region of […]

posted 9.09 pre-open comment Tuesday 22nd January Last week I marked Significant Buying twice, Significant Sellers have not been marked for fourteen days.  We have seen eight consecutive Value Areas printed above the 4mn poc at 1453 which is an indication of strength and although the market is overbought only Sellers marked below 1453 would […]

posted 08.38 a.m. est pre-open comment Friday 18th January Thursday generated a higher, wider Value Area on increased Volume. Significant Sellers have not been marked for thirteen days and we have seen seven consecutive Value Areas printed above the 4mn poc at 1453. The market is overbought but only Sellers marked below 1453 would be […]