posted 9.29 a.m. est Pre-open comment Tuesday 4th January A probe below 1252 (the 6day Value Area Low) early in Friday’s session was quickly rejected.  The 30day poc at 1254 was developed further followed by Aggressive Buying to the end of the day.  Monday saw ES strongly higher. Longframe:  All Market Timing Charts remain positive. […]

posted 7.45 a.m. est Pre-open comment Friday 31st December Thursday: ES probed below First Level Support and tested the Value Area Low (1252) of this higher range of last few days. 1252 remains the 6day VAL and acceptance below this level may be a minor indication of weakness.  Significantly, the 30day poc migrated up to […]

posted 9.24 a.m. est Pre-open comment Thursday 30th December Wednesday’s session low came in at 1255, just above yesterday’s First Level S/R at 1253.50.  Overnight ES low has been 1253.75.  As long as ES continues to find support at the obvious levels then I assume higher.  Short trades still eliminated for me as last imbalance […]

posted 9.24 a.m. est Pre-open comment Wednesday 29th December Longframe: All Market Timing Charts remain positive. Significant Buying has been marked five times in the last eight days.  Buyers Responded on Monday (green-at-bottom). First Level S/R = 1253.50 (7day poc) More important Support = 1238.50 poc ST Sentiment:  My version of the Rydex Assets Ratio […]

posted 9.27 a.m. est Pre-open comment Thursday 23rd December Significant Buyers were marked again on Wednesday, Aggressively auctioning ES to a new high.  Declining volume for last few days (probably to be expected) but also higher/narrower Value Areas last two days. First Level S/R = 1249 (minor 3day poc) More important Support = 1238.50 poc […]

posted 9.29 a.m. est Pre-open comment Wednesday 22nd December Significant Buyers were marked again on Tuesday, Aggressively auctioning ES to a new high.  First Level S/R = 1249 (minor 2day poc) More important Support = 1238.50 ST Sentiment:  My version of the Rydex Assets Ratio fell to 2.7.  The ratio reached 3.39 last week which […]

posted 9.27 a.m. est Pre-open comment Tuesday 21st December Apology: A technical problem means I cannot produce the profile chart updated through Monday.  Should be resolved quickly.  Instead I show the 5minute chart through Monday and overnight.  There was no Significant Buying or Selling marked yesterday. You can see on the chart that the First […]

posted 9.05 a.m. est Pre-open comment Monday 20th December Note: we are now following the March contract. Last week I marked two instances of Significant Buying and one of Significant Selling.   The CP Market Timing System (weekly) is positive for all Market Charts On Friday ES once again found support exactly at First Level Support.  […]

posted 9.29 a.m. est Pre-open comment Friday 17th December From yesterday “Buyers could well respond if 1232.50 is tested”.  Thursday’s First level Support at 1232.50 was the low of the session.  Buyers responded auctioning price back above yesterday’s First level Resistance at 1240 and ES has not tested below that level since.  This shows that […]

posted 9.29 a.m. est On Wednesday I marked Aggressive Selling (red-at-bottom).  That means Long trades are now eliminated for me until Significant Buying is marked again.  This Selling is not yet convincing as First Level Support at 1232.50 has not even been tested yet.  I would consider Shorts speculative until Effective Selling is marked below […]