posted 9.27 a.m. et Pre-open comment Monday 5th March Longframe: Weekly Structure showed no bias.  Chartprofit Market Timing System remained positive for Nyse, turned neutral for Nasdaq and remained positive for UK.  ES built Value slightly higher last week with a series of overlapping Value Areas.  I have not yet marked a significant Response from […]

posted 9.29 a.m. et Pre-open comment Friday 2nd March Another overlapping/higher Value Area on Thursday.  It’s actually been slow progess upside so far this week but in the abscence of Significant Sellers I have to assume higher in the ST until I mark Significant Selling below 1357 and in the LT until I mark Significant […]

posted 6.15 a.m. et Pre-open comment Wednesday 29th February Note: this was written more than three hours before Open. 15day poc moved to 1357.  This is now First Level Support.  First sign of weakness in the dayframe would be time spent below this level. First Level Support = 1357 (15 dy poc) Second Level Support […]

posted 9.24 a.m. et Pre-open comment Wednesday 29th February Buyers are still in control of the dayframe but ES appears to be grinding higher rather than trending – note the overlapping Value Areas.  Still, the last four Value Areas have been printed above the minor poc at 1355 and no markable Response yet from the […]

posted 9.16 a.m. et Pre-open comment Tuesday 28th February On Monday Buyers Responded (green-at-bottom) to a test of the ten day poc at 1355  early in the session.    Later in the day ES printed a new high for this rally. In the dayframe the first minor indication of weakness is ES printing time below 1355.  […]

posted 9.22 a.m. et Pre-open comment Monday 27th February Longframe: Weekly Structure showed no bias (previous week, w/e 02/17, showed Buyers Active).  Chartprofit Market Timing System remained positive for all Major Market Charts. Friday was 91 days up from the November low which is a common low to high cycle and most Sentiment measures have […]

posted 9.21 a.m. et Pre-open comment Friday 24th February Buyers Responded early in Thursday’s session (green-at-bottom) to a test below Wednesday’s low.  Later in the day Aggressive Buying was marked (green-at-top).  This was the third time this month that both Responsive and Aggressive Buyers were marked on the same day. Buyers are still in control […]

posted 9.05 a.m. et Pre-open comment Thursday 23rd February The ST bullish trend pattern whereby the minor poc migrates higher and then ES consolidates above it remains intact.  Currently this would be put to the test if a Value Area gets printed below 1346. And regarding Weekly Structure : the structure of every week since […]

posted 9.27 a.m. et Pre-open comment Wednesday 22nd February The LT analysis remains positive and until I mark Effective Selling below 1346 I am forced to assume higher but the negatives are stacking up. 1 I mentioned in Friday’s webcast that ES may struggle in the mid 1360’s which was the high of Tuesday’s day […]

posted 9.17 a.m. et Pre-open comment Monday 20th February Last week I marked Significant Selling (Ineffective) once and Significant Buying twice. See last Wednesday’s pre-open comment highlighted on the graphic. Weekly Structure:  Buyers active.  The last six weeks have alternated between “Buyers Active” and “No Bias” and the last time I marked marked Sellers Active […]