posted 9.14 a.m. est Pre-open comment Wednesday 16th February Another narrow Value Area on Tuesday but consolidating the higher level Friday advanced to last week.   1326.50 is the minor (3day poc) and becomes First Level Support for this week.  Overnight ES has printed as high as 1332.75 and approaches the level where I suspect Significant […]

posted 9.10 a.m. est Pre-open comment Tuesday 15th February Monday’s session generated a higher/overlapping, narrower Value Area on reduced volume. The whole session was above Friday’s poc which is a ST positive.  No Significant Imbalances were marked.  As long as 1318 holds I assume higher but see yesterday’s comments (highlighted). First Level Support = 1318 […]

posted 9.29 a.m. est Pre-open comment Monday 14th February Last week I marked four instances of Significant Buying and no Significant Selling. The Chartprofit Market Timimg System is positive for all major Market Charts.  Friday’s session opened just below the 1315.50 (minor 1/2R) and immediately rallied back above it which was a sign of ST […]

posted 9.29 a.m. est Pre-open comment Friday 11th February This week ES had been printing above the 8dayVAH but yesterday’s price action has raised the 8dayVAH to 1322 with the 8dayVAL 1302.5. The minor poc of any significance (17day) has also migrated higher to 1318.   That could be resistance of course but ES printing above […]

posted 9.29 a.m. est Pre-open comment Thursday 10th February Since the start of the week ES has been printing above the 8dayVAH which has slowed progress higher.  8dayVAH comes in at 1314.5 today with ES currently printing below that level pre-open.  Until Significant Sellers are marked I will assume higher but normal backing and filling […]

posted 5.32 a.m. est Pre-open comment Wednesday 9th February Within the first thirty minutes of Tuesday’s session there was a test below 1316 (level given yesterday) which was quickly rejected.  I marked Responsive and Aggressive Buying which means there have been six instances of Significant Buying in six days.  Buyers are in control of the […]

posted 9.29 a.m. est Pre-open comment Tuesday 8th February Dayframe: ES gapped higher on Monday and now prints above the 8dayVAH which comes in today at 1308.5 also hourly oscillators are indicating a loss of momentum on the intraday chart.  Therefore if ES is unable to hold above 1316 early in the session I would […]

posted 9.20 a.m. est Pre-open comment Monday 7th February from Friday pre-open “The minor poc has yet to migrate higher but a little more time at 1302/03 would do it”. During Friday’s session, more time was spent at 1302/03 which lifted the minor poc and triggered higher prices (see Thursday’s comments).   Overnight ES has been […]

posted 9.29 a.m. est Pre-open comment Friday 4th February ES tested down into First Level Support on Thursday and quickly came back (see highlighted comments from yesterday).  I marked Responsive and Aggressive Buying.  Thursday price action lifted the 8dayVAH to 1304.5.  The minor poc has yet to migrate higher but a little more time at […]

posted 9.29 a.m. est Wednesday was a tight range day on low volume (notice the distribution was backing and filling Tuesday’s).  These inside, quiet days have a tendency to preceed directional days.  On intraday charts you will find these kind of situations when the 60minute bollinger bands get very squeezed (as they are now).  ES […]