posted 9.29 a.m. est Pre-open comment Monday 26th September Dayframe: Strictly applying my own rules I had to mark Responsive Buying on Friday.  It is noted but I am not placing much Significance on this, especially following the sell-off earlier in the week.  ES printing time above 1147 would be the first minor sign of […]

posted 9.29 a.m. ET Pre-open comment Thursday 22nd September Pre-open Tuesday I wrote that “If Significant Selling is marked below that level (1190) it would put the ST analysis back in line negatively with the LT analysis.” That has now happened.  Long Trades now eliminated. ES broke 1st Level Support early in the session on […]

posted 9.29 a.m. ET Pre-open comment Wednesday 21st September Pre-open ES has printed as low as 1189.75 probing the 1st Level Support at 1190.  My thoughts remain unchanged so please see yesterday’s comments highlighted on graphic. 1st Level Resistance = 1216.25 (1/2R off May high)  (123.72 SPY) 1st Level Support ES = 1190 (45dy poc)   […]

posted 5.14 a.m. edt Pre-open comment Tuesday 20th September Note: This was written at 5a.m. edt. Buyers Responded (green-at-bottom) to an early probe below Monday’s 1st Level Support at 1183.   ES then spent enough time at 1190 to lift the 45dy poc to this level which is now 1st Level Support.  Dayframe: As long as […]

posted 9.29 a.m. edt Pre-open comment Monday 19th September Longframe: Chartprofit Market Timing system was negative for the ninth consecutive week and Supporting Charts have lined up negatively for equities (see below). Last week I marked three instances of Significant Buying and no Significant Selling.  Buyers active on this timeframe and made some progress.  If […]

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 […]