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 […]

posted 9.29 a.m. est Pre-open comment Tuesday 5th April Both Friday and Monday found support at the 15day poc at 1324.  This remains First Level Support today. Most recent imbalance is the Aggressive Buying five days ago so Short Trades are still eliminated for me.  ES has consolidated above the gap higher four days ago […]

posted 9.15 a.m. est Pre-open comment Monday 4th April Friday’s session found support at the First Level Support given pre-open which is a positive in the ST.  Longframe:  ChartProfit Market Timing System is now neutral for all US Market Charts apart from R2000 which is positive.  The U.K. chart remained negative.  Last Week’s Structure was […]

posted 9.29 a.m. est Pre-open comment Friday 1st April Wednesday’s session held above the 1318 poc printing enough time at 1324 to lift the 15day poc to this level.  As the minor poc migrated higher the 8dayVAH also migrated higher to 1327 and therefore ES is no longer overbought relative to this measurement of Value.  […]