posted 6.40 a.m. est Pre-open comment Thursday 16th June Wednesday’s First Level Support at 1268 held for the first two hours post open but once broken ES quickly auctioned lower.  Aggressive Selling was marked (red-at-bottom).  Currently the LT negatives in the analysis are over-riding any ST indications of a bounce from the Sentiment measures.  1268 […]

posted 9.28 a.m. est Pre-open comment Wednesday 15th June Note: now following the September contract. ES spent most time on Tuesday printing at the 1282.50 minor poc. September contract needs to print time above this level to confirm ST strength.  1281 is the overnight high.  Note that the equivalent level on SPY is 129.67 poc […]

posted 9.28 a.m. Pre-open comment Tuesday 14th June Note: will be switching to the September contract tomorrow. In the p.m. on Monday, a test below last week’s low was quickly rejected and ES is now printing above the 14dy poc at 1282.50.  As I said pre-open yesterday this is a “first minor sign of strength”.   […]

posted 9.25 a.m. est Pre-open comment Monday 13th June On Friday ES developed down to an average weekly Hi-Lo range of 32, see Thursday’s pre-open comments (highlighted). Last week I marked three instances of Significant Selling and one instance of Significant Buying, Weekly Value Area was lower.  The Chartprofit Market Timing System remained negative for […]

posted 9.29 a.m. est Pre-open comment Thursday 9th June I marked Significant Buying activity on Thursday for the first in nine days.  Buyers Responded (green-at-bottom) just below yesterday’s First Level S/R and the first higher VA in seven days was generated.  This looked encouraging for the Bulls by the Close especially with Sentiment numbers clearly […]

posted 9.27 a.m. est Pre-open comment Wednesday 8th June Tuesday’s red-at-bottom low was tested on Wednesday and Aggressive Selling (red-at-bottom) was marked again.  Dayframe: Range for the week is about 23 points so far and average weekly range recently has been 32 to 34, so it is likely Monday’s high or Wednesday’s low will be […]

posted 9.07 a.m. est Pre-open comment Wednesday 8th June Monday’s red-at-bottom low was tested on Tuesday and Aggressive Selling (red-at-bottom) was marked again.  I thought that Responsive Buyers might appear around 1280 and although ES has stalled here there has been no Significant Buying activity marked.  LT indicators are negative as discussed but in the […]

posted 9.28 a.m. est Pre-open comment Tuesday 7th June I marked Aggressive Selling on Monday, auctioning ES down to a low just above 1280 – a level that I thought might be attractive to Buyers (see yesterday’s pre-open comments).   Overnight ES has rallied a little but stats suggest Monday’s red-at-bottom low will be tested today […]

posted 9.02 a.m. est Pre-open comment Monday 6th June Last week I marked two instances of Significant Selling and no Significant Buying.  Friday closed almost at the low for the week.  The VA for the (short) week as a whole was wider/overlapping  the previous week’s VA.   Breadth is not supportive. The Chartprofit Market Timing System […]

posted 9.29 a.m. est Pre-open comment Friday 3rd June I suggested yesterday that further weaknes is likely “at least a further test of the 50dyVAL.. .at 1298” – 50dyVAL stays at 1298 and pre-open today has been tested following the release of disappointing jobs data.  A previous test of the 50dyVAL brought a Response from […]