posted 9.28 a.m. edt Pre-open comment Friday 16th September Aggressive Buying (green-at-top) was marked again on Thursday.  The VAH of the distribution that began late July moves to 1199 (dotted).  1st Level Resistance = 1216.25 (1/2R off May high)  (123.72 SPY) 1st Level Support ES (cont chart) = 1183 (45dy poc) 1st Level Support SPY […]

posted 9.29 a.m. edt Pre-open comment Thursday 15th September Significant Buyers were marked twice on Wednesday, Responding just below Tuesday’s Value Area early in the session and Aggressively later in the session auctioning ES up to probe the VAH at 1188 (dotted).  Short Trades are now eliminated for me at least until Significant Selling is […]

posted 05.30 a.m. edt Pre-open comment Wednesday 14th September note: this was written at 5.30 a.m. est Dayframe: ES overnight low was 1148 just above the 1/2R off Aug low. Consolidation above this level would be the first minor sign of strength.  I have marked no Significant Buying since the market gapped lower last week. […]

posted 9.29 a.m. edt Pre-open comment Tuesday 13th September Since the August low there had been two higher lows and a higher high.  Yesterday’s price action broke that pattern when last week’s low was tested.  Dayframe: Watching the 1/2R off Aug low, particularly SPY which is 116.89. Consolidation above these levels would be the first […]

posted 9.20 a.m. edt Pre-open comment Monday 12th September   Note: we are following the Dec contract now. Chartprofit MarketTiming System for both Nyse and Nasdaq Market Charts remained negative for the eigth consecutive week.  Over the last seven trading days I have marked five instances of Significant Selling and one of Significant Buying.   Effective […]

posted 9.29 a.m. edt Pre-open comment Friday 9th September   Wednesday’s (green-at-top) was tested on Thursday and immediately met with Responsive Selling (red-at-top).  The 35day poc migrated higher to 1183 and this is now Resistance.  Longframe: Analysis once again lining up negatively on both timeframes – I am cautious here. ES printing below 1153 would indicate […]

posted 9.27 a.m. edt Pre-open comment Wednesday 7th September   ES found Intraday Support at 1153, the 1/2R off Aug low (dotted).  That was the first minor sign of strength and 1153 is now 1st Level Support.   The 35dy poc migrated down to 1142 and that is now 2nd Level Support.  I did not mark any […]

posted 9.27 a.m. edt Pre-open comment Tuesday 6th September   Last week I marked four instances of Significant Selling and one of Significant Buying = Acive Sellers on this timeframe. Friday closed below Mon-Wed range low so Weekly Structure is negative.  Chartprofit MarketTiming System for both Nyse and Nasdaq Market Charts remained negative for the seventh […]

posted 9.29 a.m. edt Pre-open comment Thursday 1st August   I marked Responsive Selling (red-at-top) on Thursday and more Aggressive selling (red-at-bottom) later in the session.  Analysis on both timeframes is lining up once again so I am very cautious here – long trades eliminated at least until Buyers are marked again.  Selling marked below the […]

posted 9.28 a.m. edt Pre-open comment Thursday 1st September  I marked Responsive Sellers early in Wednesday’s session but it was minimal and Ineffective (Value Area was higher).  Effective Selling below 1203.5 would be first sign of weakness if ES is going to stall at the 1/2R Resistance at 1222.50.  Value printed above that level would indicate […]