posted 05.50 a.m. et pre-open comment Thursday 4th October Note: this was written at 05.45 a.m. et Wednesday’s low was early in the session at 1435.50 – our First Level Support being 1435.00.  The Value Area was higher and slightly wider.  Obvious Support at a poc is encouraging in the ST.  Further sign of strength […]

posted 9.16 a.m. et pre-open comment Wednesday 3rd October Tuesday’s high was early in the session at 1446, our First Level Resistance. ES then sold off to probe below First Level Support at 1435 before recovering late in the session.  Pre-open ES has been printing above 1440.  I remain of the view that Effective Buying […]

posted 09.10 a.m. et pre-open comment Tuesday 2nd October On Monday Sellers Responded to an early probe above the 1446 First Level Resistance and price was auctioned back to First Level Support at 1435, the 35dy poc. That level held overnight and pre-open ES has been back up to test 1446 again which is the […]

posted 9.00 a.m. et pre-open comment Monday 1st October Last week I marked Significant Buying twice and Significant Selling once.  Friday closed within Mon-Wed Hi-Lo Range so there was no bias on this timeframe.  The composite Value Area for the week as a whole was lower than the previous week so Buying activity last week […]

posted 9.06 a.m. et pre-open comment Friday 28th September Repeating what I wrote pre-open Wednesday – You can see on the chart that Significant Buyers and Sellers have both been active recently.  There is a struggle for control of the dayframe – this continues to be the case.  On Thursday I marked Aggressive Buying but […]

posted 6.27 a.m. pre-open comment Thursday 27th September Note: this written at 6.25 a.m. et Wednesday’s session generated a lower, narrower Value Area on less volume.  The most recent imbalance was Selling (red) on Tuesday which means new long trades are eliminated for me.  I am concerned that ES is printing below the 1435poc and […]

posted 9.11 a.m. et pre-open comment Wednesday 26th September You can see on the chart that Significant Buyers and Sellers have both been active recently.  There is a struggle for control of the dayframe and if Significant Selling is marked below the 20dy poc at 1435 this will likely indicate the next directional move in […]

posted 9.14 a.m. et pre-open comment Tuesday 25th September The minor consolidation range shown on the chart has VAH = 1458 and VAL = 1448 (both dotted). In the ST, Buyers/Sellers are Responding below/above these levels (see chart).  It is possible that if another Value Area (or two) is printed between these levels we could […]

posted 9.00 a.m. e.t. pre-open comment Monday 24th September The LT analysis remains postive, ST analysis is neutral with Sellers vying for control of the dayframe. The Chartprofit Market Timing System is positive for all Market Charts and the %Stocks>50dyma numbers are well above 50. Last week I marked Significant Selling twice and no Significant […]

posted 8.31 a.m. et pre-open comment Friday 21st September My rules did not allow me to mark Significant Buying although ES closed strong and one hour pre-open prints towards the top of this week’s range.  Thursday generated the fourth Value Area within a very tight Hi-Lo range for this week so far which suggests range […]