posted 9.29 a.m. est Pre-open comment Friday 7th January Buyers rested as Thursday’s “inside” Value Area overlapped and consolidated Wednesday’s .  Following pre-open numbers ES printed as low as 1264.50 but has subsequently rallied back up as high as 1272.50, putting it back in a stronger ST price location above the 5day poc at 1268.50. […]

posted 9.18 a.m. est Pre-open comment Thursday 6th January Significant Buying was marked on Wednesday.  Buyers Responded early in the session to minor opportunity (probe below 3day VAL).   Buyers have been very active.  I have marked seven instances of Significant Buying in the last fourteen days and no Significant Selling. First Level S/R = 1271.50 […]

posted 9.29 a.m. est Pre-open comment Wednesday 5th January Overnight ES has printed as low as 1255.75, not as low as the 30day poc support at 1254.  ES printing value below 1254 would indicate further weakness in the ST.  I will assume higher until that happens. First Level Resistance = 1265.0 (minor poc) First Level Support […]

posted 9.29 a.m. est Pre-open comment Tuesday 4th January A probe below 1252 (the 6day Value Area Low) early in Friday’s session was quickly rejected.  The 30day poc at 1254 was developed further followed by Aggressive Buying to the end of the day.  Monday saw ES strongly higher. Longframe:  All Market Timing Charts remain positive. […]

posted 7.45 a.m. est Pre-open comment Friday 31st December Thursday: ES probed below First Level Support and tested the Value Area Low (1252) of this higher range of last few days. 1252 remains the 6day VAL and acceptance below this level may be a minor indication of weakness.  Significantly, the 30day poc migrated up to […]

posted 9.24 a.m. est Pre-open comment Thursday 30th December Wednesday’s session low came in at 1255, just above yesterday’s First Level S/R at 1253.50.  Overnight ES low has been 1253.75.  As long as ES continues to find support at the obvious levels then I assume higher.  Short trades still eliminated for me as last imbalance […]

posted 9.24 a.m. est Pre-open comment Wednesday 29th December Longframe: All Market Timing Charts remain positive. Significant Buying has been marked five times in the last eight days.  Buyers Responded on Monday (green-at-bottom). First Level S/R = 1253.50 (7day poc) More important Support = 1238.50 poc ST Sentiment:  My version of the Rydex Assets Ratio […]

posted 9.27 a.m. est Pre-open comment Thursday 23rd December Significant Buyers were marked again on Wednesday, Aggressively auctioning ES to a new high.  Declining volume for last few days (probably to be expected) but also higher/narrower Value Areas last two days. First Level S/R = 1249 (minor 3day poc) More important Support = 1238.50 poc […]

posted 9.29 a.m. est Pre-open comment Wednesday 22nd December Significant Buyers were marked again on Tuesday, Aggressively auctioning ES to a new high.  First Level S/R = 1249 (minor 2day poc) More important Support = 1238.50 ST Sentiment:  My version of the Rydex Assets Ratio fell to 2.7.  The ratio reached 3.39 last week which […]

posted 9.27 a.m. est Pre-open comment Tuesday 21st December Apology: A technical problem means I cannot produce the profile chart updated through Monday.  Should be resolved quickly.  Instead I show the 5minute chart through Monday and overnight.  There was no Significant Buying or Selling marked yesterday. You can see on the chart that the First […]