posted 9.08 a.m. est pre-open comment Tuesday 13th November Monday generated a narrow Value Area within Friday’s Value Area and low Volume.  No immediate follow through to last week’s weakness but positives are hard to find at the moment.  Bulls would hope the Key Chart Support levels hold (see below).  Dayframe: The minor 10dy poc […]

posted 07.22 a.m. est pre-open comment Monday 12th November Breadth is not supportive. The ChartProfit Market Timing Charts stayed negative for Nyse and Nasdaq and turned negative for UK. %Stocks>50dyma numbers: Nyse 31; Nasdaq 27; UK 52.  Numbers below 50% are not supportive. Friday’s Close was below Mon-Wed Hi-Lo Range which indicates Sellers Active on […]

posted 9.13 a.m. est pre-open comment Friday 9th November In yesterday’s pre-open 1397 was marked as potential Support or Resistance.  Unfortunately it turned out to be Resistance, see chart. Thursday’s session generated a lower, wider Value Area entirely below the major poc at 1397 and Agressive Selling (red-at-bottom) was marked.  Significant Buyers have been absent […]

posted 9.00 a.m. est pre-open comment Thursday 8th November Following the rejection of Wednesday’s overnight probe of the 1431.25 Resistance (1/2R off the Sep high) ES was sharply lower during the day session.  Wednesday’s poc was 1397 (also the maj poc) so yesterday this level was accepted rather than act as Support and pre-open today […]

posted 9.13 a.m. est pre-open comment Wednesday 7th November Tuesday’s session generated a higher, wider Value Area on increased Volume but still no Significant Buying to mark.  ES overnight high was 1431.75 which again was a test of the 1/2R off the Sep high at 1431.25 but that probe higher was rejected again and pre-open […]

posted at 7.45 a.m. est pre-open comment Tuesday 6th November Monday’s session generated a lower, narrower Value Area on less Volume.  No Significant Buying has been marked for thirteen days now.  Sellers are still in control of the dayframe. On Friday the 1/2R level off the Sep high at 1431.25 was clear Resistance (see chart).  […]

posted 9.18 a.m. est pre-open comment Monday 5th November On Friday Responsive Sellers (red-at-top) appeared as ES probed 1431.25 (1/2R off Sep high) early in the session. Aggressive Selling (red-at-bottom) was also marked later in the day.  Equities pulled back and the dollar rallied (see Friday’s comments above). Breadth is not supportive for the U.S. […]

posted 9.23 a.m. et pre-open comment Friday 2nd November Thursday’s session gapped higher and generated a narrower Value Area on less Volume.  Pre-open today ES has probed up into the 1/2R Resistance at 1431.25.  Nyse %Stocks>50dyma number is back above 50 which is encouraging; but the Nasdaq number remains below 50.  Following the jobs data […]

posted 9.17 a.m. et pre-open comment Thursday 1st November Wednesday’s session generated yet another overlapping Value Area above the maj poc Support at 1397.  In the longer timeframe this chart has not broken down.  That would happen if Effective Selling is marked below 1397.  Effective Buying marked above 1397 would be encouraging and see also […]

posted 09.08 a.m. et pre-open comment Wednesday 31st October Dayframe: Last week I marked Significant Selling twice and no Significant Buying.  Sellers are in control of the dayframe.  While the US markets have been closed this week Europe has rallied a little and overnight ES has printed as high as 1418.25. Longframe: The ChartProfit Market […]