posted 8.56 a.m. et pre-open comment Monday 16th April Last week both Significant Buyers and Sellers were active trying to auction ES directionally away from the important 1366 poc.  Neither were successful with ES closing the week very close to that level. Notice that neither Tuesday’s red-at-bottom extreme or Wednesday green-at-top extreme have yet been […]

posted 7.45 a.m. et pre-open comment Friday 13th April Both levels given pre-open yesterday provide Support and Resistance. The session low came in almost immediately after the Open as the 1366 poc (given) was tested and rejected.  Subsequently, Aggressive Buying was marked as ES rallied to test the First Level Resistance at 1386 (given).  Time […]

In the pre-open today I wrote.. >>Wednesday generated a very tight Value Area.  Most time was spent printing 1366, enough in fact for the 4month poc to migrate up to this level.  This increases the significance of 1366.  Significant Buying marked above this level would be bullish and probably negate the negative implications of Tuesday’s […]

posted 9.15 a.m. et pre-open comment Thursday 12th April Wednesday generated a very tight Value Area.  Most time was spent printing 1366, enough in fact for the 4month poc to migrate up to this level.  This increases the significance of 1366.  Significant Buying marked above this level would be bullish and probably negate the negative […]

posted 9.08 a.m. pre-open comment Wednesday 11th April Tuesday generated a lower, wider Value Area on increased volume. Aggressive Sellers were marked below the 1366 poc which means we need to be extremely cautious of this market.  As an absolute minimum I would require Significant Buying to be marked above 1366 before even considering new […]

posted 9.04 a.m. et pre-open comment Tuesday 10th April Monday generated a Value Area entirely below the 1395 poc.  Although Significant Sellers have yet to be marked below that level this activity is an indication of weakness.  I am not interested in new longs if ES prints below 1395.  Significant Selling marked below 1395 would […]

posted 9.10 a.m. et pre-open comment Thursday 5th April Overnight ES has printed as low as 1384 which is a test of the 20dy VAL at 1386. VAL is the Value Area Low and 20days covers the current range that ES is in.  If Buyers are still active then we should expect a Response if […]

posted 9.08 a.m. et pre-open comment Tuesday 3rd April Overnight ES has sold off with the European markets and pre-open has tested down to the First Level Support at 1395.  If this Support does not hold it will likely suggest further weakness especially if Significant Sellers are marked below that level. The Rydex ratio is […]

posted 856 a.m. et pre-open comment Tuesday 3rd April On Monday Buyers Responded (green-at-bottom) to an early test of the 10dy poc at 1403, see yesterday’s comments (highlighted). A higher, wider, Value Area was generated which is usually a healthy sign.  In the last ten days I have marked Significant Buying four times and no […]

posted 9.12 a.m. et pre-open comment Monday 2nd April Longframe: Chartprofit Market Timing System remained positive for all Major Market Charts.  SP500 Weekly Structure showed no bias.  Still no convincing appearance from the Significant Sellers.  First sign of weakness on this timeframe would be Effective Selling marked below the 30dy poc at 1395. Dayframe: The […]