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 […]

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 […]