posted 9.28 a.m. est Pre-open Monday 4th October Friday printed yet another Value Area in the 1136-43 region. Last week Buyers Responded below this range (green-at-bottom) and Sellers Responded above (red-at-top).  More reliable would be a Break out of this range with accompanying Effective Buying or Selling being marked.  Even though Sentiment readings are not […]

posted 9.26 a.m. est Pre-open Friday 1st October Thursday was a volatile day. ES broke out to a new rally high at the open but immediately met with Responsive Selling which left Significant Sellers marked on the profile by the close (red-at-top).  This was not Effective Selling however as the Value Area was overlapping. First […]

posted 9.29 a.m. Pre-open Thursday 30th September Wednesday printed another Value Area in the 1136-43 region consolidating long enough at this higher range to lift the 7week poc to 1139.  That’s ST bullish if ES can hold above that price.   Pre-open ES is attempting to break out to the highest level since mid May. Considering […]

posted 9.18 a.m. est Pre-open Wednesday 29th September Although ES has been printing above the 5month VAH (1126) since 09/20 Sellers have not convincingly Responded. Significant Buyers had not been marked for five days offering an opportunity to the Sellers which they did not take. Significant Buyers were marked yesterday Responding to an early sell-off […]

posted 7.10 a.m. est Pre-open Tuesday 28th September I haven’t marked Significant Buyers for five days now but Sellers have not offered a convincing Response so far.  Until that happens I will assume this is Buyers resting.  We approach a time pivot at the end of this week / early next week which is a […]

posted 9.18 a.m. est Pre-open Monday 27th September On Thursday and Friday ES found support at First Level S/R (see previous comments below).  It’s usually a good sign when expected support proves itself day to day.  Once again Friday was the high day of the week and that is a positive sign as well.  Although […]

posted 9.29 a.m. est Pre-open Friday 24th September ES found support at the 2month poc 1117 and has rallied. Dayframe: First Level S/R today is between the very minor (but important) 3day 1/2R at 1130.50 and the 5day poc at 1132.  If ES can hold above here early in the session I would expect further […]

posted 9.28 a.m. est Pre-open Thursday 23rd September ES probed above 1136 (4day poc) immediately after the open on Wednesday but was quickly rejected.  This was followed by further weakness as I suggested it might.  By the close I had to mark Significant Responsive Selling once again. Note that the 20week Value Area High is […]

posted 9.28 a.m. est Pre-open Wednesday 22nd September After weakness through the a.m. ES tested above Monday’s green-at-top high (80% Rule) and hit a new rally high. Dayframe: First Level S/R moves to 1136 (4day poc).  If this level is resistance early in the session there may be more weakness in the ST.  Short trades […]

posted 9.28 a.m. Pre-open Tuesday 21st September Significant Buyers were marked on Monday, Aggressively auctioning ES higher in the p.m.  Value Area was higher and wider which is good for continuation although volume was lower (only 80% of 20day average).  Dayframe: In a strong trend the day’s range tends to take place above the previous […]