posted 9.29 a.m. est Pre-open comment Tuesday 19th April ES fell soon after the open on Monday but found Support (within the zone given) just above the 1/2R off February high.  It is always helpful to ask the questions “who is Active?” and “are they Effective?”.  You can see from the chart that in the […]

posted 8.42 a.m. est Pre-open comment Monday 18th April Chartprofit Market Timing system is negative for all major Market Charts except Russell2000 which is now neutral. Last week I marked two instances of Significant Buying and two of Significant Selling.  Friday closed well above the Mon_Wed range low and Weekly Structure showed no directional bias […]

posted 9.29 a.m. est Pre-open comment Friday 15th April Responsive Buying (green-at-bottom) was marked on Thursday.   Value Area was lower and wider so this is not Effective Buying.  1312.50 remains the minor poc although it requires very little time at 1308 for the minor poc to migrate to this level. Dayframe: The rally off Thursday’s […]

posted 9.29 a.m. est Wednesday: A probe higher early in Wednesday’s session didn’t quite make it into the Resistance band between 1318-1321 before being Responsive Sellers stepped in (red-at-top).  That’s five instances of Significant Selling marked in the last six days.  Later in the session Tuesday’s low was tested. With no Significant Buying activity yet […]

posted 9.30 a.m. est Pre-open comment Wednesday 13th April Tuesday generated a lower, narrower Value Area.  Session low was 1305.25 – I have no obvious support here.  Most recent Imbalance is Aggressive Selling so I will assume lower until I mark Significant Buying or until ES is able to print value above 1321 (minor 1/2R).  […]

posted 9.29 a.m. est Pre-open comment Tuesday 12th April On Monday there was an early probe above the 5month poc at 1328.50 which was quickly rejected. Aggressive Selling (red-at-bottom) was marked later in the day taking ES down for a probe of the First Level Support at 1318.  Session closed above that level but overnight […]

posted 6.55 a.m. est Pre-open comment Monday 11th April ChartProfit Market Timing System: U.S. Market Charts are mixed.  Nasdaq turned back to negative, Nyse remains neutral and R2000 stayed positive.  The U.K. Market Chart remained negative. Last week I marked three instances of Significant Selling and no Significant Buying.  Although the Sellers were active, Value […]

posted 9.29 a.m. est Pre-open comment Friday 8th April see yesterday’s comments (highlighted on graphic) Thursday’s session saw early weakness which recovered.  Low held above the 1318 support but the high-low range for the week was slightly extended .  This is still well below the recent Weekly average of 30 points so range extension is […]

posted 9.29 a.m. est Pre-open comment Thursday 7th April Sellers were marked on Wednesday, Responding to a test of the recent highs. The Value Area was overlapping so this is not Effective Selling.  If I strictly apply my rules then Long trades are eliminated for me today because of that red-at-top high but if ES […]

posted 9.29 a.m. est Pre-open comment Wednesday 6th April ES has now consolidated for five days above the 1318 poc.  Significant Buyers were not marked in that time but Sellers have not taken the opportunity.  This looks like Buyers Resting.   Dayframe: Pre-open ES has printed as high as 1336.50, just below the February high at […]