posted 9.05 a.m. et Pre-open comment Thursday 17th November ES repeated the rare pattern of an Aggressive Buying day being followed by an Aggressive Selling day, highlighting the uncertain/volatile nature of the current market.  Pre-open ES has probed down towards the VAL at 1219 and currently prints 1230.  With the Aggressive Selling marked yesterday, ES […]

posted 9.29 a.m. et Pre-open comment Wednesday 16th November from pre-open comment Thur 10th Nov >>in this highly volatile, news driven market it is safer to rely on the implications of price location and look slightly longer term.<< The stats related to the Buy/Sell imbalances have been unreliable of late reflecting the current uncertainty/volatility.  Market […]

posted 9.29 a.m. et Pre-open comment Tuesday 15th November ES just about held above the bottom of the Support band (1244) during Monday’s day session but overnight has printed as low as 1234 (currently prints 1243 pre-open).  EURUSD is a key chart at the moment and that chart has broken below its critical poc at […]

posted 8.40 a.m. et Pre-open comment Monday 14th November Longframe:The Chartprofit Market Timing System is positive for all Major Market Charts.  Friday closed within Mon-Wed range which does not indicate a bias. %Stock/50dyma numbers for both Nyse and Nasdaq are well above 50 which is supportive. Price location for the four index ETFs is strong […]

posted 9.17 a.m. et Pre-open comment Friday 11th November I gave 1st Level Support yesterday as 1224 (this has migrated) and the day session low came in at 1224.50.  In the ST it’s encouraging when 1st Level Support holds.  I also gave 1st Level resistance as 1249 which was approached overnight and has been probed […]

posted 9.21 a.m. et Pre-open comment Thursday 10th November In the dayframe analysis here you can see Aggressive Buying marked on Tuesday and Aggressive Selling marked the following day (Wednesday).  That’s a rare pattern. The Aggressive Selling (red-at-bottom) marked yesterday implies lower but in this highly volatile, news driven market it is safer to rely […]

posted 5.10 a.m. et Pre-open comment Wednesday 9th November Please note that my circumstances today dictate I write this at 5am ET.  Market could look very different by 9am.  ES currently 1251 as I write. I marked Aggressive Buying again on Tuesday – late in the day.  On three out of the last four days […]

posted 5.10 a.m. et Pre-open comment Tuesday 8th November Strictly applying my own rules I had to mark Aggressive Buying on Monday but only just as ES probed the top of the 3day range.  The Value Area was overlapping so this was not Effective Buying.  Even so, ES is holding well above the 35dy poc […]

posted 8.35 a.m. est Pre-open comment Monday 7th November The Chartprofit Market Timing System stayed positive for all US Market Charts.  UK went back to neutral. Dayframe: Overnight ES has probed up towards Resistance at 1249. The 30dy poc migrated higher last week to 1224. First sign of weakness at the start of this week […]

posted 9.29 a.m. ET Pre-open comment Friday 4th November Dayframe: ES found low on Thursday at 1st Level Support which is encouraging. I also marked Aggressive Buying (green-at-top) which is usually a positive in the ST. My minor concern on the dayframe is the fact that there has been an abscence of Sellers for three […]