posted 9.05 a.m. est pre-open comment Thursday 17th January Wednesday generated a higher, narrower Value Area on less Volume. Significant Sellers have not been marked for twelve days and we have seen six consecutive Value Areas printed above the 4mn poc at 1453. The market is overbought but only Sellers marked below 1453 would be […]

posted 05.53 a.m. est pre-open comment Wednesday 16th January I marked Responsive Buyers on Tuesday.  An overlapping, lower Value Area was generated so this was not Effective Buying.  Significant Sellers have not been marked for eleven days and we have seen five consecutive Value Areas printed above the 4mn poc at 1453.  The market is […]

posted 9.20 a.m. est pre-open comment Tuesday 15th January Monday generated an overlapping, lower Value Area. Significant Sellers have not been marked for ten days.  Pre-open ES has printed as low as 1456.50.  Dayframe: The VAL of the minor range since ES gapped higher at the start of the month comes in at 1451, just […]

posted 06.26 a.m. est pre-open comment Monday 14th January Friday generated a higher, narrower Value Area on less Volume. Significant Sellers have not been marked for nine days. Although the market is overbought both the LT and ST analysis is supportive.  First indication of weakness would be Significant Sellers marked below ES 1453. First Level […]

posted 9.05 a.m. est pre-open comment Friday 11th January >> Significant Sellers have had six days to Respond and so far they have not. ES is currently holding/accepting price at this higher level.  If Sellers do not make an appearance soon Buyers will most likely re-enter and seek them higher.<< The Buyers re-entered on Thursday […]

posted 9.11 a.m. est pre-open comment Thursday 10th January Wednesday’s session generated a higher, narrow Value Area on reduced volume. Since the market gapped higher, Significant Sellers have had six days to Respond and so far they have not. ES is currently holding/accepting price at this higher level.  If Sellers do not make an appearance […]

posted 08.18 a.m. est pre-open comment Wednesday 9th January Tuesday’s session generated another narrow Value Area within the range set since last week’s gap higher.  No obvious Significant Selling Response has been marked since that point and ES is currently holding/accepting price at this higher level.  Price around 1452/53 may continue to be attractive but […]

posted 8.48 a.m. est pre-open comment Tuesday 8th January Monday’s session generated another narrow Value Area within the range set since last week’s gap higher.  No obvious Significant Selling Response has been marked since that point and ES is currently holding/accepting price at this higher level.  Dayframe: The minor poc of this four day range […]

posted 8.17 a.m. est pre-open comment Monday 7th January Last week saw a sharp rally putting the major index ETFs back in a much stronger price location.  Can this be sustained? Positives:  1) Stronger price location.  2) There was no obvious increase in bullish sentiment with the rally, (although VIX collapsed last week).   3) LT […]

posted 9.17 a.m. est pre-open comment Friday 4th January Thursday’s session generated a higher Value Area and Wednesday’s green-at-top high was exceeded.  Buyers have been active this week and have successfully auctioned price higher.  A SPY close today above Wednesday’s high at 146.15 would indicate Buyers active on the weekly timeframe for the first time […]