posted 09.11 a.m. est pre-open comment Tuesday 12th February Monday’s session generated a narrow Value Area in the same area of price as Friday.  Still no markable Response from the Sellers. First Level Support = 1495 (40dy poc) %Stocks>50dyma numbers: Nyse 83% and Nasdaq 75%.  Numbers >50 are supportive.  Numbers>80 usually considered overbought. My version […]

posted 09.15 a.m. est pre-open comment Monday 11th February Last week I marked Significant Buying once and no Significant Selling. ES found Support at 1495 First Level Support on Thursday and closed the week above the high of Mon-Wed hi-lo range which is positive weekly structure once again. A number of Sentiment indicators are at, […]

posted 9.09 a.m. est pre-open comment Friday 8th February Thursday’s session generated an overlapping/lower, wider Value Area on increased Volume.  I wrote pre-open yesterday that “as long as ES holds above 1495 it is a minor sign of strength”. First Level Support at 1495 was tested and held with ES rallying in the afternoon.  This […]

posted 09.17 a.m. est pre-open comment Thursday 7th February Wednesday’s session generated an overlapping, narrower Value Area.  Responsive Buying (green-at-bottom) was marked.  I’m not sure how significant that was but the Buyers didn’t let ES fall below 1500 during the session and strictly applying my rules new short trades are eliminated for me at least […]

posted 09.21 a.m. estpre-open comment Wednesday 6th February Please see previous comments highlighted on graphic. Tuesday’s session generated a higher Value Area but pre-open today has printed down towards yesterday’s low.  No Significant Imbalances have been marked for four days but ES is currently holding and consolidating at this higher level of price in the […]

posted 09.17 a.m. est pre-open comment Tuesday 5th February Please see previous comments highlighted on graphic. Monday’s session generated a lower, wider Value Area.  No Selling Imbalances were maarked but this was the first session with a lower VA and a weak Close in quite a while. New long trades have been eliminated for me […]

posted 09.05 a.m. est pre-open comment Monday 4th February Friday’s session generated a higher, wider value Area on increased Volume. Last week the Sellers were more active than the Buyers and yet ES still managed to Close higher than Mon-Wed Range High which is another positive Weekly Structure (last week’s Ineffective Selling was quickly negated) […]

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 […]