posted 8.59 a.m. et pre-open comment Wednesday 22nd August On Tuesday I marked Significant Selling for the first time this month.  Sellers Responded around 1425 and later in the day more Aggressive Selling was marked.  The Value Area was overlapping/higher so this was not Effective Selling. Even so, new long trades are eliminated for me until […]

posted 9.26 a.m. et pre-open comment Tuesday 21st August With Significant Sellers making no appearance across the recent range ES is seeking them higher.  Currently the first indication of weakness would only occur if Significant Selling is marked below the First Level Support at 1398.50. Key Chart SPY has broken out to a new four […]

posted 8.59 a.m. et pre-open comment Monday 20th August Last week I marked Significant Buying three times and no Significant Selling.  Friday’s Close was above the high of Mon-Wed Range so this is Buyers Active on this timeframe.  Currently the first indication of weakness would only occur if Significant Selling is marked below the First […]

posted 8.55 a.m. et pre-open comment Friday 17th August Buyers Responded (green-at-bottom) again on Thursday at the slightest opportunity which was a probe below Wednesday’s Value Area.  Later in the day I marked Aggressive Buying (green-at-top).  Sellers had an opportunity for eight days within this higher range to make a mark and they did not […]

posted 9.06 a.m. et pre-open comment Thursday 16th August Buyers Responded (green-at-bottom) just above yesterday’s First Level S/R at 1398.50 which was the newly migrated 25dy poc.  Significant Sellers have not been marked at all across this consolidation above 1390 so I will assume for now this is Buyers Resting.   However, the LT VAH at […]

posted 9.21 a.m. et pre-open comment Wednesday 15th August ES opened Tuesday’s session above the LT VAH at 1404 (dotted) but no progress has been made above that level.  The March high for ES September contract is 1413.50.  Dayframe: The 25dy poc migrated to 1398.50 which could be dayframe Support or Resistance and a useful […]

posted 9.21 a.m. et pre-open comment Tuesday 14th August See previous highlighted comments on graphic.  ES briefly tested the given Dayframe Support which was the 10dy poc at 1395.  This was rejected and ES closed strongly.  Pre-open today ES is probing above the LT VAH at 1404.  The March high for ES September contract is […]

posted 9.19 a.m. et pre-open comment Monday 13th August See highlighted comments from Friday’s pre-open.  Significant Buyers were marked twice on Friday following five days when Sellers did not Respond to the opportunity of higher prices.  Friday Closed the week within Mon-Wed Hi-Lo Range so there was no Bias on this timeframe.   ChartProfit Market Timing […]

posted 9.24 a.m. et pre-open comment Friday 10th August ES gapped up a week ago and has managed to consolidate the higher prices with no Response so far from the Significant Sellers.  If Sellers stay absent Buyers would be encouraged to re-enter but note the 12month VAH comes in around 1404 which may be a […]

posted 8.45 et  pre-open comment Thursday 9th August Updating from last pre-open comment which was Tuesday 31st July.  Significant Selling was marked in late July/early August but the Selling was only strong enough to auction ES down to the Second Level Support given at that time which was the 5mnth poc at 1348 (see previous […]