posted 9.29 a.m. est Pre-open comment Tuesday 17th May The 1327 support was tested on Monday with the Session Close being below that level.  Aggressive Selling (red-at-bottom) was marked.  Bulls would want to see ES recover back above 1327 asap but with the Chartprofit Market Timing System negative for Nyse and Nasdaq and the %Stocks>50ma […]

posted 8.40 a.m. est Pre-open comment Monday 16th May It is rare to see Significant Buyers and Sellers so active at the same time. Last week I marked two instances of Significant Buying and three instances of Significant Selling. However, all of last week’s price action took place entirely above 1327 which kept ES in […]

posted 9.29 a.m. est Pre-open comment Friday 13th May The activity of Significant Buyers and Sellers over the last few days has been unusually volatile but this tug-of-war has taken place entirely above 1327 so ES has stayed in a strong price location.  I recently described the price area between 1327 and 1349.50 as “no […]

posted 9.21 a.m. est Pre-open comment Thursday 12th May My ST reading of the market going into Wednesday’s session (see above) went wrong very quickly.   I had anticipated support around 1349.50 (minor 1/2R), a test of Tuesday’s green-at-top high and further strength to the end of the week which would hopefully have seen the Market […]

posted 9.30a.m. est Pre-open comment Wednesday 11th May Tuesday: Aggressive Buying was marked which means that Short Trades are now eliminated for me until Selling is marked again.  Both Monday and Tuesday session lows came in at the given First Level S/R.  This is encouraging for the Bulls. Dayframe: Tuesday green-at-top high came in at […]

If ES session Close is above 1352 I will very likely mark Buying on today’s Profile and that will be above the 1/2R Resistance at 1349.50, see previous comments below.   from pre-open comment Tuesday 3rd May >>In the longer timeframe as long as ES holds above 1327 it is in a strong price location.<< […]

posted 8.39 a.m. est Pre-open comment Tuesday 10th May Monday’s session low came in at the given First Level S/R and overnight ES has probed up to test the First Level Resistance at 1349.50.  The minor poc (20day) migrated to 1344 and pre-open ES prints just above that level.  See yesterday’s highlighted comments on graphic. […]

posted 8.30 a.m. est Pre-open comment Monday 9th May Last week I marked two instances of Significant Selling and no Significant Buying.  The major poc Support at 1327 was tested very briefly on Thursday and the minor 1/2R tested briefly on Friday.  Effective Selling below 1327 or Effective Buying above 1349.50 will indicate further weakness/strength.  […]

posted 9.29 a.m. est Pre-open comment Friday 6th May Thursday’s high was a slight test of the 1344 minor level of Resistance and then sold off down to the major support at 1327 – both levels given pre-open yesterday.  There was a brief test of that support which has so far held – ES currently […]

posted 9.29 a.m. est Pre-open comment Thursday 5th May Last two days we’ve seen lower Value Areas and the previous day’s poc (dotted) has not been exceeded during the day session.  I’ve noted this before and it’s a weak pattern.  Wednesday’s low found support (temporary?) at February’s high which is an obvious level watched by […]