posted 9.16 a.m. et Pre-open comment Friday 23rd December Aggressive Buying (green-at-top) was marked on Thursday with most of the session’s Value Area being printed above the 1244 poc putting ES in a stronger price location in the ST.  This level now becomes First Level Support.  Monday’s low was a test of the 2month VAL […]

posted 9.27 a.m. et Pre-open comment Thursday 22nd December In the early part of Wednesday’s session there was follow-on weakness from the overnight rejection of the probe above 1244.  This was reversed in the p.m. with ES closing strong but generating an overlapping/lower Value Area.  Overnight ES has once again probed above the 75day poc […]

posted 9.29 a.m. et Pre-open comment Wednesday 21st December Red-at-bottom lows are usually tested the following day. Monday’s was not.  In fact Aggressive Buying was marked on Tuesday (green-at-top).  Aggressive Buying following a day of Aggressive Selling is rare and yesterday’s strong performance was not expected (by me at least).  The 1/2R off May high […]

posted 9.29 a.m. et Pre-open comment Tuesday 20th December Monday’s session high came in at exactly the 8day poc at 1218.5.  I wrote pre-open that “intraday S/R at this level could help decide the very minor bias”, and that was the case yesterday with ES closing below 1204.50 (1/2R) and within the marked Aggressive Selling […]

posted 9.17 a.m. et Pre-open comment Monday 19th December Last week I marked Significant Selling twice and no Significant Buying. The Active Sellers were Effective because the Value Area as a whole was lower and wider than the VA for the previous week. Breadth is not supportive.  The Chartprofit Market Timing System is now negative […]

posted 9.27 a.m. et Pre-open comment Friday 16th December Following Tuesday’s Aggressive Selling the last two sessions have generated lower, narrow VAs.  No Significant Buying has been marked.  This has the “look” of Sellers Resting nd I’ll assume that is the case until Significant Buyers are marked.  Dayframe:The 8day poc migrated to 1218.5.  This may […]

posted 9.29 a.m. et Pre-open comment Thursday 15th December The most recent imbalance was Aggressive Selling on Tuesday and therefore Long Trades are eliminated for me at least until Significant Buying is marked.  Sellers are in control of the dayframe but there was no follow-on Significant Selling marked on Wednesday. I have been monitoring 1214.50 […]

posted 9.27 a.m. et Pre-open comment Wednesday 14th December Tuesday’s session high came in at exactly First Level Resistance at 1244. Aggressive Selling (red-at-bottom) was marked and as it was below the 1244 poc further weakness is indicated (see yesterday’s comments). Key chart today is SPY and the level to watch is 122.30, the 1/2R […]

posted 9.29 a.m. et Pre-open comment Tuesday 13th December Note: we are now following the March contract.  Thu/Fri profiles last week are now also shown as March contract. Thursday’s red-at-bottom low was tested on Monday but the most recent imbalance is Friday’s green-at-top high.  It is not obvious who controls the dayframe.  Possibly the March […]

posted 8.16 a.m. et Pre-open comment Monday 12th December The Chartprofit Market Timing System is Mixed.  Positive for Nyse Market Chart and Negative for Nasdaq and the UK. Thursday’s red-at-bottom low (Significant Selling) was not tested on Friday.  In fact Aggressive Buying (green-at-top) was marked.  A pattern of Aggressive Buying (or Selling) followed the next […]