posted 9.29 a.m. est Pre-open comment Friday 19th November Thursday – ES printed up to the minor 1/2R (off last week’s high) at 1198.  Consolidation above that level would put ES in a stronger price location but that has not happened yet. First Level S/R = 1198 First Level Support = 1178 (4month poc) LT […]

overnight rally extended after open today up to the minor 1/2R consolidation above 1/2R would put ES in a stronger price location from Pre-open Today I will most lkely not be able to produce the Market Profile chart today.   Yesterday’s activity was a tight range centred around the 1178 poc and I know that […]

posted 8.32 a.m. est Pre-open comment Wednesday 17th November I haven’t marked Significant Buying for nine days now and that’s quite a change. Sellers are in charge for now. Significant development: The 4month poc migrated higher to 1178 on Tuesday.  As I’ve noted before, a poc migrating higher is not necessarily bullish.  It depends on […]

posted 9.20 a.m. est Pre-open comment Tuesday 16th November Early in Monday’s session First Level Support at 1197.5 held good for a morning rally which was retraced later in the day as ES closed near the low of the session at Friday’s poc.  Overnight this minor support also gave way and ES has printed as […]

posted 9.28 a.m. est Pre-open Monday 15th November Friday’s high was just below First Level Resistance (1210). The last three trading sessions have found resistance at, or below, the previous day’s poc.  I marked Aggressive Selling (red-at-bottom) on Friday for the second time in a week.  This is also the first time I can classify […]

posted 9.28 a.m. est Pre-open Friday 12th November Wednesday and Thursday sessions were spent mostly working higher from weaker openings but the Value Areas were lower/overlapping.  That is not normally bullish in the ST.  Overnight ES has been as low as 1193 but has rallied back as high as 1207.50. dayframe: The very minor poc […]

posted 9.27 a.m. est Pre-open Thursday 11th November After an early probe lower ES spent most of the session rallying.  Even so, the Value Area was overlapping/lower.  The cumulative poc of this higher range is still 1218 and that remains First Level S/R.  1212 has been an attractive level and time spent there or below […]

posted 9.26 a.m. est Pre-open Wednesday 10th November Tuesday saw Sellers Responding (red-at-top) as ES tested last week’s high early in the session.  Previous Responsive Selling tails (around 1190) were negated by subsequent Aggressive Buying imbalances and we can say that should 1224 also be “accepted” then once again that would be a bullish indication.  […]

posted 9.29 a.m. Pre-open Tuesday 9th November Three days of consolidation at higher level with poc at 1218.  No Buying Imbalances marked – Responsive Sellers have had an opportunity here which they have not yet  taken. First Level S/R: 1218 (9dy poc) More important Support: 1178 poc ST Sentiment: My version of the Rydex Assets […]

posted 9.27 a.m. est Pre-open Monday 8th November Last week I marked two instances of Significant Buying and one of Significant Selling.  In the week ended 29th October there were two Responsive Selling imbalances just above 1190 but price at this level was accepted last week with Tuesday/Wednesday printing Value Areas in that region.  That […]