posted 9.26 a.m. est Pre-open Monday 18th October Last week Significant Buyers were active on Tuesda, both Responsive and Aggressive.   Monday’s poc at 1163 limited the downside for the rest of the week (dotted) and no Significant Selling was marked. In fact there has been no Significant Selling marked (by my criteria) for eleven sessions […]

posted 9.23 a.m. est Pre-open Friday 15th October ES low on Thursday came in at the First Level S/R – see above.  If ES can hold above today’s First Level S/R at 1172.50 early in the session we may well see another week finishing with strength. First Level S/R today = 1172.5 (4daypoc). Lower support […]

posted 9.28 a.m. est Pre-open Thursday 14th October ES opened and drove higher to its highest level since May 5th with no markable response from the Sellers. First Level S/R today = 1163 (5daypoc). Lower support at 1155.5 (10daypoc) Sentiment: Intraday on Wednesday VIX reached 17.9, the lowest level since late April, but the Rydex […]

posted 9.25 a.m. est Pre-open Wedesday 13th October An early probe below Tuesday’s First Level S/R at 1155.50 was rejected as Buyers Responded again (green-at-bottom).  Aggressive Buying (green-at-top) was also marked.  Value Area was wider (overlapping) on increased volume. First Level S/R for today moves up to 1163 (4daypoc). Lower support at 1155.5 (10daypoc) Sentiment: […]

posted 9.25 a.m. est Pre-open Tuesday 12th October Monday generated a very narrow, overlapping/higher Value Area on very low volume.    Overnight ES printed down to 1151.75 but has recovered back above First Level S/R.  It looks like dips are still being bought – there has been no Responsive Selling marked for seven sessions and no […]

posted 8.50 a.m. est Pre-open Monday 11th October Last week retained the bullish weekly structure that we’ve seen almost every week since the September price low, i.e. relative weakness early in the week and relative strength late in the week.  I was anticipating that ES would struggle to hold above 1160 and that may still […]

posted 9.29 a.m. est Pre-open Friday 8th October Thursday built Value in the same area as the previous two days.  No Significant Selling has yet been marked. 1155.5 is the minor (3day) poc.  This is First Level S/R today.  Intraday resistance from this level would be ST bearish.  More important support at 1139 (7week poc). […]

posted 9.28 a.m. est Pre-open Thursday 7th October Wednesday held up well consolidating at the high end of Tuesday’s range. In the LT the Chartprofit Market Timing System is positive which supports higher prices.  In the ST the last imbalance was Aggressive Buying (green-at-top) on Tuesday. The ST Sentiment Indicators e.g. my version of the […]

Today the market broke to a new rally high.  ES has so far today printed as high as 1154.75.  If you read the previous notes below you will see that we have an anticipated time and price target coinciding here which introduces the strong possibility of a turn.  But it is still only a possibilty.   […]

posted 9.28 a.m. est Pre-open Tuesday 5th October Monday tested down to the level that brought Responsive Buying (green-at-bottom) the previous Tuesday.  Pre-open today ES is printing back up towards the high of the recent range. I note that some indices, futures and sectors made their July lows on the 6th (most were on the […]