posted 9.27 a.m. est Pre-open Friday 5th November Thursday session gapped up and held the higher levels with a strong close.  Even in the minor timeframe ES is still finding support at the first, obvious levels – i.e. 1178 on Wednesday and pre-open today at yesterday’s poc (see below). Dayframe: Micro S/R = 1213 (dotted).  […]

posted 9.28 a.m. est Pre-open Thursday 4th November Wednesday’s Value Area was overlapping/wider and once again held in the area of 1190 which was the level that previously attracted Responsive Selling.  A volatile day (although not so much as some were expecting).  There was a probe down to just above the First Level Support at […]

posted 9.28 a.m. est Pre-open Wednesday 3rd November Tuesday’s Value Area was very narrow but held in the area of 1190 which was the level that previously attracted Responsive Selling.  Acceptance at this higher level would usually be a bullish indication but let’s be honest the market is marking time here ahead of the announcement […]

posted 9.27 a.m. est Pre-open Tuesday 2nd November On Monday I marked Responsive Selling (red-at-top) again above 1190.  There was a probe below the 1178 poc in the p.m. but a late rally closed it back above that important level.  Dayframe: Pre-open today ES has once again probed above 1190 –  acceptance (time) above that […]

posted 9.22 a.m. est Pre-open Monday 1st November Last week I marked two instances of Significant Responsive Selling (red-at-top) and one instance of Significant Responsive Buying (green-at-bottom). The 30dy poc migrated higher last week to 1178.  That’s the First Level support at the start of this week.  Longframe: Chartprofit Market Timing System stays positive for […]

posted 9.29 a.m. est Pre-open Friday 29th October See yesterday’s comments (highlighted).  Monday’s poc at 1186 was the Minor Resistance given and that’s where the Sellers Responded (red-at-top).  ES was quickly auctioned back to the 30day poc at 1178.  In fact 1178 attracted more time during the session building the poc further.  Pre-open ES has […]

posted 9.29 a.m. est Pre-open Thursday 28th October I marked no Significant Buying yesterday but an afternoon rally saw ES auctioned back to the 30day poc at 1178.  Overnight all price action has taken place above that poc and pre-open (following the release of jobs data) ES has rallied as high as 1187.50.  As I […]

posted 9.29 a.m. est Pre-open Wednesday 27th October Pre-open yesterday I wrote “Pre-open ES is probing down below the First Level support at 1178.  ST Bulls would want to see ES quickly back above that level.” The open was lower than 1178 but Buyers Responded and quickly auctioned ES back above that level.  In the […]

posted 9.29 a.m. est Pre-open Tuesday 26th October Sellers Responded on Monday (red-at-top) soon after the open and ES closed near the low of the day but the Value Area was higher and wider so this is not yet Effective Selling.  Even so I like to see Buying (green) as the most recent imbalance if […]

posted 9.29 a.m. est Pre-open Monday 25th October Friday’s session was narrow with most time spent around 1178 which lifted the twenty day poc to this level. 1178 is the First Level Support at the start of this week.  Next Level support comes in at 1155.50. Since Significant Buyers were marked on Tuesday 12th there […]