posted 9.17 a.m. et pre-open comment Thursday 1st November Wednesday’s session generated yet another overlapping Value Area above the maj poc Support at 1397.  In the longer timeframe this chart has not broken down.  That would happen if Effective Selling is marked below 1397.  Effective Buying marked above 1397 would be encouraging and see also […]

posted 09.08 a.m. et pre-open comment Wednesday 31st October Dayframe: Last week I marked Significant Selling twice and no Significant Buying.  Sellers are in control of the dayframe.  While the US markets have been closed this week Europe has rallied a little and overnight ES has printed as high as 1418.25. Longframe: The ChartProfit Market […]

posted 9.15 a.m. et pre-open comment Monday 29th October Daygrame: Last week I marked Significant Selling twice and no Significant Buying.  Sellers are in control of the dayframe. Longframe: The ChartProfit Market Timing Charts are negative for Nyse and Nasdaq (UK stayed positive)and %Stocks>50dyma numbers are less than 50 for both charts (UK number stayed […]

posted 09.12 a.m. et pre-open comment Friday 26th October Thursday’s session generated another overlapping Value Area and, like Wednesday, Responsive Selling (red-at-top) was marked early in the session. The VAL at 1403 (dashed) has been probed in each of the last three sessions but no significant time has been printed below it.  Overnight ES has […]

posted 05.20 a.m. et pre-open comment Thursday 25th October Note: this was written at 05.25 a.m. et Wednesday’s session generated an overlapping VA on less Volume.  The VAL of the range from early August at 1403 (dashed) has been briefly tested twice but no time has been printed below it.  However, the most recent imbalance […]

posted 9.15 a.m. et pre-open comment Wednesday 24th October Tuesday’s session generated a lower VA on increased Volume and, like Monday, the whole of yesterday’s session took place below the 1435 poc which is weak price location.  Looking at a longer timeframe (than 2months) the VAL of the range from early August comes in at […]

pre-open comment Tuesday 23rd October Note: this was written at 8a.m. et Monday’s session generated a lower/overlapping VA on less Volume and broke below Friday’s red-at-bottom low.  ES rallied to the close but the whole of yesterday’s session took place below the 1435 poc which is weak price location.  Overnight ES has fallen back and […]

posted 9.07 a.m. et pre-open comment Monday 22nd October The Chartprofit Market Timing Chart is positive for Nyse; negative for Nasdaq and positive for UK.   %Stocks>50dyma numbers: Nyse 56, Nasdaq 36, UK 72.  Bulls would want to see all these numbers above 50.  Nasdaq is relatively weak as we have discussed. Last week the Large […]

posted 9.21 a.m. et pre-open comment Friday 19th October Thursday’s session generated a slightly lower/overlapping Value Area centred around 1452 which was the level I mentioned on 9th Oct that could attract time (highlighted below). The poc has not migrated higher at this point but more time here and that could happen.  imo that would […]

posted 9.13 a.m. et pre-open comment Thursday 18th October Wednesday’s session generated another higher, albeit narrower, Value Area on lower Volume.  Most time was spent in the mid-1450s and imo this is the price area that may attract further time (see highlighted prev comments).   Smallcaps (IWM) up 2.28% so far this week and that’s more […]