pre-open comment Monday 18th June  Weekly Structure: ES closed the week within the Mon-Wed Hi-Lo range which indicates no bias on this timeframe. Previous week saw Buyers Active. Last week I marked Significant Selling twice (on Monday) and Significant Buying four times.  All of this occured above the 1307 poc which is a stronger price […]

posted 9.24 a.m. et pre-open comment Friday 15th June On Thursday ES (June) generated a sixth consecutive Value Area above the 1307 poc and I marked both Responsive and Aggressive Buying. These are usually ST positives. However, the Chartprofit Market Timing system is unlikely to confirm any ST positive indications this week and the %Stocks>50dyma […]

posted 9.07 a.m. et pre-open comment Thursday 14th June Note: I will continue using the June contract until end of this week.  September is now front month but i.m.o. the reference levels are better used on June contract for now.  For clarity I am also closely watching the major poc Support on the SPY chart […]

posted 4.54 a.m. et pre-open comment Wednesday 13th June Please note this was written before 5 a.m.  Also note I will continue using the June contract until end of this week. On Tuesday, Monday’s low was tested but Support was found in the area of the major poc at 1307 as Buyers Responded (green-at-bottom) early […]

posted 9.25a.m. et pre-open comment Tuesday 12th June Once again, like last Thursday, a probe higher brought a Response from the Significant Sellers (red-at-top) and ES was auctioned back to the maj poc at 1307, by Aggressive Selling later in the day.  We have seen many times that in uncertainty the market moves to the […]

posted 9.09 a.m. et pre-open comment Monday 11th June Last week I marked Significant Buying three times and Significant Selling once.  On Friday the session low was on the obvious Support at 1307 (major poc) and a second Value Area was printed above that level which is encouraging. ES closed the week higher than the […]

posted 9.12 a.m. et pre-open comment Friday 8th June On Thursday Significant Sellers were marked Responding immediately after the Open (red-at-top).  This was a session where Sellers were Active but a higher Value Area was generated for the third consecutive day and above the major poc at 1307 so I cannot call this Effective Selling.  […]

posted 9.09 a.m. et pre-open comment Thursday 7th June Wednesday generated a higher, wider Value Area on increased Volume and I marked Aggressive Buying (green-at-top) for the second time this week. ES also rallied above the maj poc at 1307 (now Support) and as long as it can hold above this level it is in […]

posted 9.09 a.m. et pre-open comment Wednesday 6th June please note: the timeframe considered within these comments is never intended to be very short term or daytrading timeframe.   Monday generated at lower, narrower Value Area on less Volume.  Tuesday generated a higher, narrower Value Area on less Volume. Strictly applying my rules I had to […]

posted 4.25 a.m. et pre-open comment Monday 4th June Chartprofit Market Timing System remained negative for all major Market Charts.  ES closed below the Mon-Wed Hi-Lo Range which is Sellers Active on this timeframe. Previous week (w/e 25th May) Buyers were active but ineffective their activity forced by Sellers Resting.  Last week Significant Sellers were […]