posted 9.14 a.m. et pre-open comment Thursday 20th September Wednesday’s session generated another narrow Value Area within the narrow high-to-low range for this week so far.  Unless the Buyers (absent for four days) respond early in today’s session, ES may need to go lower to find them.  I am concerned in the ST about the […]

posted 9.09 a.m. et pre-open comment Wednesday 19th September Tuesday’s session generated a lower, narrower Value Area on less Volume.  Since Aggressive Buyers were marked last Thursday we have seen three days where Buyers have been absent and active Sellers have so far failed to do much damage relative to last Thursday’s bar.  This is […]

posted 9.19 a.m. et pre-open comment Tuesday 18th September Note:  we are now following the December contract. On Monday I marked Significant Selling again but although the Value Area was lower it was narrower and generated less volume so not Effective Selling.  Nevertheless as I wrote yesterday the faact that Significant Sellers have been marked […]

posted 9.07 a.m. et pre-open comment Monday 17th September LT analysis remains positive.  There is still concern re some of the Sentiment Indicators, particularly the Rydex Ratio and the VIX, but generally there was not a large increase in bullishness last week.  Certainly not to the point yet where you could say investors were extremely […]

posted 9.09 a.m. et pre-open comment Friday 14th September The low for Thursday’s session came almost immediately after the Open and was exactly at the 1435 poc.  Aggressive Buying was marked later in the day as the SP500 broke to new multi-year highs.  Key Charts NasdaqComp and Nasdaq100 indices are now printing above their Major1/2 […]

posted 9.10 a.m. et pre-open comment Wednesday 12th September Wednesday’s session printed an overlapping/higher Value Area with Significant Buying being marked late in the day.  Overnight ES has found Support at the 1435 minor poc.  New short trades are now eliminated for me at least until Significant Selling is marked again.  We’ve seen four days of consolidation […]

posted 7.55 a.m. et pre-open comment Wednesday 12th September Tuesday’s session held the higher range we have since over the last few days.  I marked Significant Selling on Monday but there has been no follow-on downside, in fact Pre-open today ES has printed above 1438 (Monday’s session high) which negates the ST negative implications of […]

posted 08.47 a.m. et pre-open comment Tuesday 11th September On Monday Significant Sellers were marked but the Value Area generated was overlapping Friday’s VA so this was not Effective Selling.  Price above 1438 (yesterday’s session high) would negate the ST negative implications of that Selling imbalance but until that happens, or Buying (green) is marked, […]

posted 07.50 a.m. et pre-open comment Monday 10th September The Chartprofit Market Timing System is now positive for all Major market Charts.  The %Stocks>50dyma numbers are all well above 50 which is supportive. Last week I marked Significant Buying twice and no Significant Selling.  As I wrote pre-open Thursday ES held above its poc Support […]

posted 9.13 a.m. et pre-open comment Friday 7th September See yesterday’s highlighted comments.  ES broke out of its range to the upside with Significant Buying marked.  ES held above the 25day poc Support across the recent range and therefore the chart did not break down which I said yesterday was a positive.  The 8month poc […]