posted 9.27 a.m. ET Pre-open comment Friday 7th October Aggressive Buying was marked again on Thursday.  Green-at-top highs are tested the following day 80% of the time and this one almost certainly will be as ES has printed as high as 1173.75 pre-open (following a stronger-than-expected payrolls report).    Dayframe: The Buyers have clearly been very […]

posted 9.28 a.m. ET Pre-open comment Thursday 6th October ES generated its first higher Value Area in six days and Aggressive Buying was marked.  The Value Area was narrower and volume was lower than previous day so this is not Effective Buying but 1st Level Resistance was exceeded at 1132.  Pre-open ES prints just above […]

posted 9.28 a.m. ET Pre-open comment Wednesday 5th October ES/SPY (also IWM & DIA) recovered back above their Major POCs late in the session.  ES Value Area generated entirely below the Monday’s poc.  These are obvious levels for the major ETFs to find Support and Sentiment analysis suggests the market is due a bounce at […]

posted 9.24 a.m. ET Pre-open comment Tuesday 4th October 1st Level Resistance on Monday (1132) was once again tested very briefly and then rejected, as it was on Friday.  And, like Friday, following the price rejection ES declined quickly.  Also notice the weak pattern each day where the Value Area is generated entirely below the […]

posted 9.06 a.m. ET Pre-open comment Monday 3rd October Chartprofit Market Timing system was negative for the eleventh consecutive week.  Weekly Structure also suggests further weakness.  Last week I marked two instances of Significant Selling and one of Significant Buying. On Friday a brief probe above 1st Level Resistance at 1147 was rejected.  Aggressive Selling […]

posted 9.28 a.m. ET Pre-open comment Friday 30th September Wednesday’s red-at-bottom low was tested on Thursday (odds favour an aggressive imbalance extreme being tested the following day about 80% of the time).  Yesterday’s 1st Level Support at 1147 was broken, then recovered, but currently pre-open ES prints back below this level which is now 1st […]

posted at 5a.m. ET Pre-open comment Thursday 29th September On Wednesday I marked Aggressive Selling (red-at-bottom) as ES tested yesterday’s 1st Level Support at 1147.  This Selling Imbalance puts the ST analysis negatively back in line with the LT analysis so I am cautious here.  The Support levels that broke down (see yesterday’s email) become […]

posted at 14.00 ET You may not find this as interesting as I do but here goes. if you look at the two charts below you will see I have marked the 1/2R levels that have provided clear Support for the emini SP500 and the Spyder.  The interesting thing is that the 1/2R on the […]

posted 9.25 a.m. ET Pre-open comment Wednesday 28th September Dayframe: 1st Level Resistance for Tuesday was 1190 and that was the exact intraday high.  If ES can print some time above this proven Resistance it would indicate further ST strength.  Significant Selling marked below the 1147 Support would increase the likelihood that the August low […]

posted 5.20 a.m. ET Pre-open comment Tuesday 27th September Note: This was written at 5.15 a.m. ET I marked Aggressive Buying (green-at-top) on Monday.  The 1/2R levels off Aug low now become Support.  The LT analysis remains negative but ES showed a first sign of ST strength on Monday by printing above 1147. 1st Level […]