posted 9.03 a.m. et pre-open comment Tuesday 20th March Dayframe: The minor (10dy) poc moved up to 1395 on Monday.  Pre-open ES has tested this level.  Intraday this may be Support or Resistance and could provide a clue re market direction in the very short-term. Minor Level of S/R = 1395 (10dy poc) First Level […]

posted 9.19 am et pre-open comment Monday 19th March Chartprofit Market Timing System is positive for all major Market Charts.  ES closed the week above Mon-Wed Range high which means the Weekly Structure was positive indicating Buyers Active. Still no convincing appearance from the Significant Sellers.  First sign of weakness would be Effective Selling marked […]

posted 9.24 a.m. et pre-open comment Friday 16th March Note: we now follow the June contract. pre-open ES has printed as high as 1400.50 which is a new rally high for this contract. If ES closes the week above 1394.25 it will be a postive Weekly structure with Buyers marked as active on this timeframe. […]

posted 9.14 a.m. et pre-open comment Thursday 15th March Strictly following my Rules I had to mark Responsive Selling (red-at-top) on Wednesday.  The Value Area was overlapping/higher and once again I am not going to assume that this slight imbalance carries any negative ST implications as long as ES holds above the 35dy poc at […]

posted 9.26 a.m. et pre-open comment Wednesday 14th March On Tuesday I marked Aggressive Buying (green-at-top).  We’re getting mixed readdings from the ST Sentiment indicators and Supporting Charts (see below).  I’ll assume higher for now and repeat that “time spent below the 35day poc at 1366 would be the first sign of weakness”. First Level […]

posted 9.21 a.m. et pre-open comment Tuesday 13th March ES held the First Level Support at 1366 (see chart) and closed at the top of Monday’s range. Overnight ES has printed up into the 1380s.  Time spent below 1366 is now the first sign of weakness. First Level Support = 1366 (35 dy poc) Second […]

posted 9.22 a.m. et from pre-open comment Friday 9th March I marked Aggressive Buying again on Thursday (green-at-top). The session low found support at 1358 (dotted), the very minor 1/2R off last Wednesday’s high.   First Level Resistance at 1366 was tested but not yet convincingly exceeded.   Time printed above that level would be Bullish. First […]

posted 9.27 a.m. et Pre-open comment Thursday 8th March I marked Aggressive Buying on Wednesday (green-at-top) and ES printed above Tuesday’s session high at 1349.50 which negated any bearish significance of  Tuesday’s selling imbalance.   I said pre-open yesterday that the main thing to monitor is “whether ES can hold above 1346” which, for now at […]

posted 9.21 a.m. et Pre-open comment Wednesday 7th March By strictly applying my rules I had to mark Significant Selling yesterday (red-at-bottom) but it was only just.  Some comments on this; firstly yesterday’s session was a gap down and I know from experience that gaps temper the significance of these imbalances.  Secondly, if ES prints […]

posted 9.25 a.m. et Pre-open comment Tuesday 6th March The 30day poc migrated to 1366 on Monday – this is now First Level Resistance.  This is now a more important level than 1346 although 1346 remains First Level Support.  Pre-open ES has printed as low as 1349.25 so First Level Support could well be tested […]