posted 9.29 a.m. et Pre-open comment Thursday 5th January Tuesday’s probe above the 4month VAH at 1265 may be a test-failure.  On Wednesday Responsive Buying was marked (green-at-bottom) but the Value Area was overlapping/lower so this is not Effective Buying.  I would want to see Significant Sellers marked before anticipating further weakness, see yesterday’s comments […]

posted 9.29 a.m. et Pre-open comment Wednesday 4th January Tuesday’s session represented a probe above the 4month VAH at 1265.  Pre-open ES prints almost back down at that level.  This may be a failed test.  I would look for Significant Selling to be marked before anticipating further weakness in the ST.  And I would want […]

posted 9.15 a.m. et Pre-open comment Tuesday 3rd January Last week I marked Significant Buying once and no Significant Selling.  Friday closed within the Mon-Wed Range which shows no directional bias on this timeframe – previous week indicated Effective Buying. The Chartprofit Market Timing System remained positive for Nyse and negative for Nasdaq; R2k Market […]

posted 9.28 a.m. et Pre-open comment Friday 30th December On Thursday I marked Aggressive Buying for the third time in four days and yet the chart has not managed to break above the VAH. You can see from the chart that the 1244 Support and the 1265 Resistance have limited the range for the last […]

posted 9.29 a.m. et Pre-open comment Thursday 29th December From this week’s eBook >>The important level to monitor is the Support at ES 1244<<.  Wednesday’s session tested briefly down to 1243 and overnight the low has been 1244.25.  Time printed below 1244 would indicate further weakness.  Key chart is EURUSD;  If EURUSD accepts price below […]

posted 9.29 a.m. et Pre-open comment Wednesday 28th December The 2month VAH at 1265 was closely approached during Tuesday’s session and again overnight.  Has not been exceeded yet.  If ES prints time above this level it would be ST Bullish.  See note below re TLT. Dayframe: Overnight the 30dy poc migrated higher to 1256 and […]

posted 9.47 a.m. et Post-open comment Tuesday 27th December Last week I marked Significant Buying three times and Significant Selling once.  Friday closed above the Mon-Wed Range high and above the previous week’s high which is Effective Buying on this timeframe. The Chartprofit Market Timing System went back to positive for Nyse and remained negative […]

posted 9.16 a.m. et Pre-open comment Friday 23rd December Aggressive Buying (green-at-top) was marked on Thursday with most of the session’s Value Area being printed above the 1244 poc putting ES in a stronger price location in the ST.  This level now becomes First Level Support.  Monday’s low was a test of the 2month VAL […]

posted 9.27 a.m. et Pre-open comment Thursday 22nd December In the early part of Wednesday’s session there was follow-on weakness from the overnight rejection of the probe above 1244.  This was reversed in the p.m. with ES closing strong but generating an overlapping/lower Value Area.  Overnight ES has once again probed above the 75day poc […]

posted 9.29 a.m. et Pre-open comment Wednesday 21st December Red-at-bottom lows are usually tested the following day. Monday’s was not.  In fact Aggressive Buying was marked on Tuesday (green-at-top).  Aggressive Buying following a day of Aggressive Selling is rare and yesterday’s strong performance was not expected (by me at least).  The 1/2R off May high […]