posted 9.27 a.m. et pre-open comment Thursday 6th September Wednesday generated yet another daily Value Area within the price area bounded by the dotted VAH and VAL of the longer timeframe.  We should look for a breakout of this range to occur soon.  Note that the 25dy poc at 1398.50 held as Support across this […]

posted 5a.m. et pre-open comment Wednesday 5th September Note: this was posted at 5a.m. Tuesday’s session high was 1408.25 – just below yesterday’s First Level resistance at 1408.50 (see chart).  This was the sixth day where no Significant Buying or Selling has been marked.  That’s unusual and I would expect to mark one or the […]

posted 9.00 a.m. et pre-open comment Tuesday 4th September Last week I marked no Significant Buying or Selling.  Two levels are currently attracting time.  Significant Buying marked above 1408.50 would indicate higher and Significant Selling marked below 1398.50 would indicate lower.  Price printing between these levels does not currently give us any useful information. Friday’s […]

posted 08.38 a.m. et pre-open comment Friday 31st August On Thursday ES printed a lower Value Area and enough time was spent at 1398.50 (see chart) to shift the 40dy poc back to this level (from 1408.50).  This often happens when two close levels both attract time.  Both these levels are of importance in the […]

posted 9.05 a.m. et pre-open comment Thursday 30th August Three days of consolidation with no Significant Buying or Selling marked but enough time has now been spent at 1408.50 to lift the 40dy poc to that level (see yesterday’s highlighted comment) and that is significant.  This is now the important ST level to monitor.  ES […]

posted 9.06 a.m. et pre-open comment Wednesday 29th August Tuesday generated a narrow overlapping Value Area with no Significant Buying/Selling.  Therefore there is little to add to previous comment (highlighted).  1408.50 is the level attracting time since the price high on 08/21.  It is possible (with more time) that the 40dy poc could migrate up […]

posted 9.02 a.m. et pre-open comment Tuesday 28th August ES exceeded Monday’s green-at-top high during Tuesday’s session but there was little follow-through and weakness to the Close.  Value Area was overlapping/higher, but narrower on less Volume.  The most recent imbalance was the Aggressive Buying on Friday so I need more evidence of weakness before considering […]

posted 08.30 a.m. et pre-open comment Monday 27th August Weekly Structure: Friday’s Close was within Mon-Wed Range so there is no bias on this timeframe.  The Chartprofit Market Timing System remained positive for all three Major Market Charts.  %Stocks>50dyma numbers: Nyse = 72;  Nasdaq = 55. Last week I marked Significant Selling three times and […]

posted 9.10 a.m. et pre-open comment Friday 24th August Thursday’s session generated a lower Value Area on less Volume.  Aggressive Selling was marked (red-at-bottom) on this timeframe (dayframe).  On the longer timeframe all the Significant Selling marked this week can be classified as Responsive because it has taken place above the poc at 1398.50.  In […]

posted 9.29 a.m. et pre-open comment Thursday 23rd August See previous comments. ES rallied as high 1418 overnight but has faded since.  If further weakness is seen and Wednesday’s low is broken then the Support at 1389.50 would come into play.  I would need to see Significant Buying marked above that level to consider new […]