posted 9.24 a.m. ET Pre-open comment Tuesday 4th October 1st Level Resistance on Monday (1132) was once again tested very briefly and then rejected, as it was on Friday.  And, like Friday, following the price rejection ES declined quickly.  Also notice the weak pattern each day where the Value Area is generated entirely below the […]

posted 9.06 a.m. ET Pre-open comment Monday 3rd October Chartprofit Market Timing system was negative for the eleventh consecutive week.  Weekly Structure also suggests further weakness.  Last week I marked two instances of Significant Selling and one of Significant Buying. On Friday a brief probe above 1st Level Resistance at 1147 was rejected.  Aggressive Selling […]

posted 9.28 a.m. ET Pre-open comment Friday 30th September Wednesday’s red-at-bottom low was tested on Thursday (odds favour an aggressive imbalance extreme being tested the following day about 80% of the time).  Yesterday’s 1st Level Support at 1147 was broken, then recovered, but currently pre-open ES prints back below this level which is now 1st […]

posted at 5a.m. ET Pre-open comment Thursday 29th September On Wednesday I marked Aggressive Selling (red-at-bottom) as ES tested yesterday’s 1st Level Support at 1147.  This Selling Imbalance puts the ST analysis negatively back in line with the LT analysis so I am cautious here.  The Support levels that broke down (see yesterday’s email) become […]

posted at 14.00 ET You may not find this as interesting as I do but here goes. if you look at the two charts below you will see I have marked the 1/2R levels that have provided clear Support for the emini SP500 and the Spyder.  The interesting thing is that the 1/2R on the […]

posted 9.25 a.m. ET Pre-open comment Wednesday 28th September Dayframe: 1st Level Resistance for Tuesday was 1190 and that was the exact intraday high.  If ES can print some time above this proven Resistance it would indicate further ST strength.  Significant Selling marked below the 1147 Support would increase the likelihood that the August low […]

posted 5.20 a.m. ET Pre-open comment Tuesday 27th September Note: This was written at 5.15 a.m. ET I marked Aggressive Buying (green-at-top) on Monday.  The 1/2R levels off Aug low now become Support.  The LT analysis remains negative but ES showed a first sign of ST strength on Monday by printing above 1147. 1st Level […]

posted 9.29 a.m. est Pre-open comment Monday 26th September Dayframe: Strictly applying my own rules I had to mark Responsive Buying on Friday.  It is noted but I am not placing much Significance on this, especially following the sell-off earlier in the week.  ES printing time above 1147 would be the first minor sign of […]

posted 9.29 a.m. ET Pre-open comment Thursday 22nd September Pre-open Tuesday I wrote that “If Significant Selling is marked below that level (1190) it would put the ST analysis back in line negatively with the LT analysis.” That has now happened.  Long Trades now eliminated. ES broke 1st Level Support early in the session on […]

posted 9.29 a.m. ET Pre-open comment Wednesday 21st September Pre-open ES has printed as low as 1189.75 probing the 1st Level Support at 1190.  My thoughts remain unchanged so please see yesterday’s comments highlighted on graphic. 1st Level Resistance = 1216.25 (1/2R off May high)  (123.72 SPY) 1st Level Support ES = 1190 (45dy poc)   […]