posted 9.21 a.m. edt Pre-open comment Thursday 30th June This week has been dominated by the Buyers – I’ve marked Significant Buying four times and the Value Areas have all been higher.  Dayframe: Following three consecutive days of Aggressive Buying the market usually pauses and with hourly oscillators well overbought, the 1/2R Resistance at 1310 […]

posted 9.23 a.m. edt Pre-open comment Wednesday 29th June On Tuesday ES opened just below the 1280.50 poc and immediately rallied above it – very similar to the price action when Monday opened below the 1265.50 poc.  Yesterday’s Value Area was printed entirely above 1280.50 – see Monday’s comments.  Aggressive Buyers were marked again later […]

posted 9.13 a.m. edt Pre-open comment Tuesday 28th June On Monday Significant Buyers Responded (for the third time in six days) to price below the 1265.50 poc.  Buyers were marked again later in the day aggressively auctioning ES up to the 1280.50 poc Resistance (given).  If ES can hold and print some time above that […]

posted 07.12 a.m. edt Pre-open comment Monday 27th June Last week I marked two instances of both Significant Buying and Significant Selling. The ChartProfit Market Timing System remained negative for all Major Market Charts.  Weekly Structure showed no directional bias. Longframe: The LT analysis remains negative but Sentiment numbers are still suggesting a bounce.  This […]

posted 9.28 a.m. est Pre-open comment Friday 24th June On Thursday I marked Responsive Buying (green-at-bottom).  Short trades eliminated for me until Significant Sellers are marked again.  Buyers Responded just below the 8dayVAL.  Dayframe: Today the 8dayVAL comes in at 1257 with the 8dayVAH at 1280.  Note that 1280.50 is the 30day poc and ES […]

posted 9.27 a.m. est Pre-open comment Thursday 23rd June Dayframe: On Wednesday I marked Aggressive Selling (red-at-bottom).  Long trades eliminated until Significant Buyers are marked again. Pre-open ES has briefly tested the the Support at 1265.50.  Currently prints 1267. If ES prints time below that level it is in a weak position and with the […]

posted 9.16 a.m. est Pre-open comment Wedesday 22nd June Following the Responsive Buying on Monday ES made progress on Tuesday – Value Area was higher and slightly wider.  LT analysis still negative but ES hit a 10day high yesterday. Market frustrating the Bears emerging in the Rydex data (see below).  1st Level S/R = 1280.50 […]

posted 9.24 a.m. est Pre-open comment Tuesday 21st June I marked Responsive Buying on Monday (green-at-bottom).  ES opened just below Monday’s First Level S/R at 1265.50 and immediately auctioned above it.  Value Area was overlapping/higher and narrower so this cannot be called Effective Buying but ST Bulls made some progress.  Longframe: Analysis is negative – […]

posted 9.28 a.m. est Pre-open comment Monday 20th June Last week I marked one instance of Significant Selling and no Significant Buying. The ChartProfit Market Timing System remained negative for all Major Market Charts.  Weekly Structure showed no directional bias (previous week was an Effective Selling week).  Long Trades eliminated for me.  The minor (18day […]

posted 9.27 a.m. est Pre-open comment Friday 17th June Wednesday’s red-at-bottom was tested in the pm on Thursday but ES bounced quickly back.  Long Trades eliminated for me.  First sign of ST strength comes if ES can print some time back above the 1282.50 poc; pre-open high 1277.25. Sentiment numbers reached more bearish extremes indicating […]