posted 8.02 a.m. ET Pre-open comment Friday 21st October Thursday’s session, like Wednesday’s, was generated within the range of Tuesday’s.  You can see the Support provided by the 1189 poc over the last few days, see dashed line on chart.  Pre-open ES is printing above the 1214.50 Resistance which is now First Level Support.  Range […]

posted 9.29 a.m. ET Pre-open comment Thursday 20th October Wednesday’s session was generated inside Tuesdays.  Overnight ES has probed up into the 1214.50 1/2R and found Resistance.  Currently printing 1206.  We have proven levels of Support and Resistance here.  Significant Buying marked above 1214.50 indicates higher.  ES is overbought but for me only Significant Selling […]

posted 9.17 a.m. ET Pre-open comment Wednesday 19th October Buyers Responded strongly to a probe of the 1189 poc early in the session (see yesterday’s highlighted comments) and Aggressive Buying was marked later in the day (green-at-top) auctioning ES above the 1214.50 1/2R which is now 1st Level Support.   Overnight this level has provided Support.  […]

posted 9.29 a.m. ET Pre-open comment Tuesday 18th October Aggressive Selling (red-at-bottom) was marked on Monday.  Overnight the 4month poc at 1189 has been tested.  Pre-open today ES has printed as high as 1198.50 (Monday’s poc = 1199). Dayframe: The majority of the time a red-at-bottom low is tested during the following session so 1194 […]

posted 9.23 a.m. ET Pre-open comment Monday 17th October Last week I marked Significant Buying twice.  There has been no Significant Selling marked for nine days.  The Chartprofit Market Timing System turned neutral (from negative) for both the Nyse and Nasdaq Market Charts.  A number of major charts are close to being technically overbought (14dyRSI>40UBB). […]

posted 9.29 a.m. ET Pre-open comment Friday 14th October ES printed enough time at 1189 to lift the 4month poc to this level (see Monday’s pre-open comment highlighted on graphic).  If ES holds above this level and prints time above the 1/2R at 1214.50 1/2R it will be back in a strong price location, albeit […]

posted 9.29 a.m. ET Pre-open comment Thursday 13th October Wednesday was the sixth consecutive day of higher highs and higher lows. ES probed very briefly above 1st Level Resistance at 1214.50 but pre-open today has printed as low as 1190, just above 1st Level Support at 1189.  If ES can print time above the natural […]

posted 7.25 a.m. ET Pre-open comment Wednesday 12th October Tuesday tested Monday’s green-at-top high and Sellers have not Responded so far. ES is currently printing above the 2month VAH and almost registering overbought by my criteria – ie 14day RSI above its 40period Upper Bollinger Band. Nevertheless if chart manages to print above the 1/2R […]

posted 8.27 a.m. ET Pre-open comment Tuesday 11th October Aggressive Buying was marked again.  Usually (80%) a green-at-top high is tested the following day but that stat is less reliable follwoing a gap day which Monday was.  Value Area was higher, narrower on below average Volume. If ES does test yesterday’s high then the Value […]

posted 8.38 a.m. Pre-open comment Monday 10th October Chartprofit Market Timing system remained negative for the twelth consecutive week.  %Stocks>50dyma numbers stayed well below 50.  Breadth is not supportive. Last week I marked Significant Buying twice and Significant Selling once. Value Area for the week as a whole was overlapping/lower so the Buying Activity cannot […]