posted 9.08 a.m. pre-open comment Wednesday 11th April Tuesday generated a lower, wider Value Area on increased volume. Aggressive Sellers were marked below the 1366 poc which means we need to be extremely cautious of this market.  As an absolute minimum I would require Significant Buying to be marked above 1366 before even considering new […]

posted 9.04 a.m. et pre-open comment Tuesday 10th April Monday generated a Value Area entirely below the 1395 poc.  Although Significant Sellers have yet to be marked below that level this activity is an indication of weakness.  I am not interested in new longs if ES prints below 1395.  Significant Selling marked below 1395 would […]

posted 9.10 a.m. et pre-open comment Thursday 5th April Overnight ES has printed as low as 1384 which is a test of the 20dy VAL at 1386. VAL is the Value Area Low and 20days covers the current range that ES is in.  If Buyers are still active then we should expect a Response if […]

posted 9.08 a.m. et pre-open comment Tuesday 3rd April Overnight ES has sold off with the European markets and pre-open has tested down to the First Level Support at 1395.  If this Support does not hold it will likely suggest further weakness especially if Significant Sellers are marked below that level. The Rydex ratio is […]

posted 856 a.m. et pre-open comment Tuesday 3rd April On Monday Buyers Responded (green-at-bottom) to an early test of the 10dy poc at 1403, see yesterday’s comments (highlighted). A higher, wider, Value Area was generated which is usually a healthy sign.  In the last ten days I have marked Significant Buying four times and no […]

posted 9.12 a.m. et pre-open comment Monday 2nd April Longframe: Chartprofit Market Timing System remained positive for all Major Market Charts.  SP500 Weekly Structure showed no bias.  Still no convincing appearance from the Significant Sellers.  First sign of weakness on this timeframe would be Effective Selling marked below the 30dy poc at 1395. Dayframe: The […]

posted 9.02 a.m. et pre-open comment Friday 30th March On Thursday ES built a Value Area entirely below 1395, the 25dy poc.  However I did not mark Significant Sellers and ES Closed near the high of the session, back above 1395. I repeat yesterday’s comment “I have yet to mark Significant Sellers but if Sellers […]

posted 9.12 a.m. et pre-open comment Thursday 29th March ES closed the gap-up we saw on Monday and by the session Close had recovered back above 1395, the 25dy poc.  However, pre-open today ES prints very close to that level.  I have yet to mark Significant Sellers but if Sellers are marked below 1395 that […]

posted 9.20 a.m. 20th March pre-open comment Wednesday 28th March ES built a higher but narrower Value Area on reduced Volume which is not usually a constructive kind of Profile.  The main concern right now is the Rydex Ratio (see below).  First sign of further weakness on this timeframe would be Sellers being marked below […]

posted 9.15 a.m. et pre-open comment Tuesday 27th March ES gapped sharply higher to Open on Monday, held the gain and later in the day Aggressive Buying (green-at-top) was marked as ES made a new rally high.  Green-at-top day-session highs are usually tested the following day but as I’ve mentioned before the ST bullish implications […]