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 […]

posted 04.30 a.m. est Pre-open comment Wednesday 4th May Tuesday saw further weakness following Monday’s Aggressive Selling.  Session close was below previous two lows and that pattern usually indicates a further low test (Tuesday’s low).  With the LT analysis looking positive I will assume this early-in-the-week weakness is normal corrective activity unless ES fails to […]

posted 9.26 a.m. est Pre-open comment Tuesday 3rd May Significant Selling was marked on Monday and although this was Ineffective Selling (overlapping/higher and wider Value Area) Long Trades are now eliminated for me until Significant Buying (green) is marked again.  Monday’s session low was at the support given pre-open although ES currently prints just below […]

posted 07.10 a.m. est Pre-open comment Monday 2nd May Last week I marked two instances of Significant Buying and no Significant Selling.  No Selling imbalances have been marked for eleven days.  Short Trades have been eliminated for me since pre-open 15th April. The Chartprofit Market Timing system furned positive for the Nyse, Nasdaq and R2000 […]

posted 9.29 a.m. est Pre-open comment Friday 29th April Wednesday’s green-at-top high was exceeded.  Value Area was higher.  Monday marked the low of the week so far with Thursday on the high. If Friday closes above 1354 (Wednesday’s high) we have a bullish Weekly Structure this week. No Sellers marked for 10 days. 4day Support […]

posted 9.29 a.m. est Pre-open comment Thursday 28th April ES tested the First Level Support at 1342 early in the session but Wednesday’s VA was generated above this level.  Later in the day Aggressive Buying was marked. We now have a green-at-top high which are usually tested during the following session, i.e. it is unusual […]

posted 9.07 a.m. est Pre-open comment Wednesday 27th April ES session low Tuesday was 1334.50, i.e. holding above the minor poc at 1333.  This was a further indication of ST strength.   February’s high was exceeded and the SP500 index reached its highest level since June 2008.  No Response marked from the Sellers.  Buyers in control.  […]

posted 9.28 a.m. est Pre-open comment Tuesday 26th April The 1327 (5month poc) support held during Monday’s session and again overnight.  ES printing below this level would be the first indication of ST weakness and so far this week this has not occured.  Although no Significant Buying has been marked since the gap up last […]