posted 8.20 a.m. est Pre-open comment Friday 11th March The last five days have shown no markable imbalances but the red-at-bottom low on the 1st March has now been broken.  Overnight ES has printed as low as 1283, just above the major support 1281.50 and this is well below various VAL measures including the 8dayVAL […]

posted 9.29 a.m. est Pre-open comment Thursday 10th March Overnight ES has tested the 8dayVAL at 1306.  Currently at 1308. Note how the last six sessions have all printed within the range of Tuesday 1st March, i.e. the red-at-top high of that day has yet to be exceeded.  The struggle for control of the dayframe […]

posted 9.29 a.m. est Pre-open comment Wednesday 9th March Little to add to yesterday’s comments (highlighted).  ES coiling for next directional move? see daily chart below. Pre-open ES is back at 1318 which is now the 4month poc.  The 8dayVAH moves to 1325 which is the overnight high. First Level S/R =  1318.00    Maj Support […]

posted 9.29 a.m. est Pre-open comment Tuesday 8th March Monday: ES spent very little time after the Open above yesterday’s 8dayVAH.  Also quickly declined back below the 50day poc at 1318 which is not indicating strength ST.   Time at 1315 could migrate that poc slightly lower.   Dayframe: Overnight the 1318 poc has been resistance.  I […]

posted 9.29 a.m. est Pre-open comment Monday 7th March Longframe: Chartprofit Market Timing System stayed positive for all Major U.S. Market Charts except SP500 which turned neutral.  %Stocks > 50dyma:  stayed above the 50 level for all major indices I follow. Weekly Structure: No obvious breakdown.  Last week was mixed in terms of Significant Buying/Selling […]

Pre-open comment Friday 4th March The unusual lack of follow through from the Sellers (red-at-bottom low not tested) and ES printing all of Thursday’s session above the 1318 poc puts the chart back in a strong position. This looks like Significant Buyers and Sellers vying for control of the dayframe red and green alternating on […]

posted 9.29 a.m. est Pre-open comment Thursday 3rd March ES has tested the High and Low of the 8day Value Area in the last two days and pre-open today is printing back at 1318, the 30day poc.  The 8dayVAH today comes in at 1321.50  (dotted). Dayframe: If there is consolidation above 1318 for more than […]

posted 9.18 a.m. est Pre-open comment Wednesday 2nd March Tuesday: ES opened above the 8dayVAH at 1329.50 and immediately sold off.  Responsive Selling was marked AND Aggressive Selling later in the day.  Today’s 8dayVAL comes in at 1297 which is the exact overnight low.  Stats suggest that yesterday’s low at 1300.75 will be tested during […]

posted 4.30 a.m. est Pre-open comment Tuesday 1st March Yesterday’s comments (highlighted above) are relevant. These comments written 4a.m. est and ES prints 1335, well above the 1318poc.  When ES prints above the 8dayVAH it has had a tendency to slow and consolidate.  The 8dayVAH is currently at 1329.5. First Level Support =  1318.00   8dayVAH […]

posted 8.40 a.m. est Pre-open comment Monday 28th February Longframe: Chartprofit Market Timing System stayed positive for all Major U.S. Market Charts. Dayframe: On Friday ES spent most time back at the 30day poc.  The fact that this level (which is also the 1/2R off the 1343 high) did not become resistance is a minor […]