posted 9.28 a.m. edt Pre-open comment Friday 29th July Aggressive Sellers marked again.  We now have three levels which are very close in the time they have attracted over the last six months. These are 1327, 1315 and 1308.  One of these will emerge as the major poc.  Sampling on a five minute basis, the […]

posted 9.29 a.m. edt Pre-open comment Thursday 28th July The Bearish scenario as outlined at the start of the week appears to be the one playing out.  i.e. rejection of the probe above LT VAH and Significant Selling marked below 1315.  We now have Aggressive Sellers marked on the dayframe analysis with the Market Timing […]

posted 5.30 a.m. edt Pre-open comment Wednesday 27th July note: following was written at 5.30 a.m. edt The most recent imbalance was Buying (green) and price action since then appears to be Buyers Resting, i.e. Buyers looking for a Response (if any) from the Sellers to gauge.   However, the recent probe above the LT VAH […]

posted 9.27 a.m. edt Pre-open comment Tuesday 26th July Once again the 1327poc came into play, providing Support early in yesterday’s session.  Also the exact overnight low has been 1327.  First sign of weakness comes if this level fails but no markable Response from the Sellers so far. Resistance = 1341 (min poc)  (133.92 SPY) […]

posted 9.22 a.m. edt Pre-open comment Monday 25th July Chartprofit Market Timing System remained negative for both Nyse and Nasdaq Market Charts. %Stocks>50dyma ended the week well above the 50 mark for both. Last week saw Buyers Aggressively auction ES higher to probe the LT VAH which currently comes in at 1343 (SPY 134.79). Bullish: […]

posted 9.29 a.m. edt Pre-open comment Friday 22nd July Note that 1327 marked the high during Wednesday’s session and the low in Thursday’s session – see chart.  Clearly an important S/R Level to monitor. This week Buyers have Aggressively auctioned ES higher to prober the LT VAH which currently comes in at 1341 – the […]

posted 9.29 a.m. edt Pre-open comment Thursday 21st July Wednesday’s given levels performed well.  1327 capped the upside during the session and overnight 1315 has been the exact low.  Re 1327 I commented yesterday that “more time here could lift the maj poc back up to this level”.  That hasn’t happened yet but should that […]

posted 9.29 a.m. edt Pre-open comment Wednesday 20th July Tuesday’s Support at 1307.50 (25dypoc) held from the Open and later in the day Aggressive Buying was marked as ES broke above the 1315 Resistance (maj poc) indicating ST strength.   Pre-open today ES has printed some time at 1327 which was the previous maj poc – […]

posted 9.27 a.m. est Pre-open comment Tuesday 19th July Note yesterday’s comment corrected – highlighted left. Dayframe: The 25dypoc migrated to 1307.50.  If ES cannot hold that ST Support post open it would suggest further weakness.  Time printed back above the maj poc at 1315 would indicate ST strength.  The level, 1307.50 is the halfway […]

posted 9.28 a.m. est Pre-open comment Monday 18th July Chartprofit Market Timing System turned back to negative for both Nyse and Nasdaq.  The %Stocks>50dyma numbers ended the week for both these Market Charts very close to 50%.  The major pocs for both ES and SPY migrated lower.  See last Wednesday’s pre-open comments (bottom left on […]