posted 9.28 a.m. est Pre-open Friday 3rd September Aggressive Buyers were marked again on Thursday.  Pre-open ES has printed above 1100.  The Major POC at 1094 comes back into play here.  As does the 1/2R off April high at 1107 which is now First Level Resistance. Dayframe: First Level Support at 1073.  Most recent imbalance […]

posted 9.26 a.m. est Pre-open Thursday 2nd September Aggressive Buyers were marked on Wednesday auctioning ES above the poc at 1073 which now becomes First Level Support.  I expect higher prices if this support holds. There is a gap between the day sessions and the Value Area was narrower but as it printed entirely above […]

posted 7.10 a.m. est Pre-open Wednesday 1st September Monday’s low was tested on Tuesday (as expected) but Buyers Responded below 1040 again (green-at-bottom). Dayframe: The last imbalance is now Buying (green) and that eliminates new short trades for me.  Price Osc was up yesterday for the first time in sixteen days.  First sign of ST […]

posted 9.27 a.m. est Pre-open Tueday 31st August I marked Aggressive Selling on Monday but this was Ineffective (Value Area was overlapping/narrower on less Volume).  ES failed again on Monday to overcome the 1/2R off July low at 1065.25.  Dayframe: The last imbalance is now Selling (red) and that eliminates new long trades for me.  […]

posted Saturday 28th August Pre-open Monday 30th August There was an obvious Response from the Buyers last week – as anticipated at the start of the week.  I marked four instances of Significant Buying (green) and one instance of Significant Selling. Last week’s price action has lowered the VAL (from start May) to 1053.  If […]

posted 9.29 a.m. est Pre-open Friday 27th August Yesterday’s highlighted comments in graphic are relevant. dayframe: First Level S/R today is 1049.25 (1/2R off Wednesday’s low).  Pre-open ES has found resistance here. LT Sentiment: Bears outnumbered Bulls this week in the AAII (public poll) by 2 to 1. This further reinforces the idea that downside […]

posted 9.25 a.m. est Pre-open Thursday 26th August Longframe: Long positions still eliminated for me. Dayframe: The last imbalance is now Buying (green) and that eliminates new short trades for me.  However until ES manages to print some value above 1065.25 (1/2R off July low) I remain cautious about being long. Wednesday saw Responsive Buyers […]

posted 9.25 a.m. est Pre-open Wednesday 25th August Early in Tuesday’s session I had hopes that by the close I would be marking Significant Buying but in fact the close was to weak to allow that.  The last imbalance remains Responsive Selling (red-at-top) on Monday. 1065.25 is the most important level (1/2R off July low).  […]

posted 9.27 a.m. est Pre-open Tuesday 24th August see yesterday’s comments highlighted above. ES spent just enough time at 1073 on Monday for the minor poc (August) to migrate lower to this level.  As I wrote yesterday “this would most likely be ST negative”. Pre-open ES is printing below 1058, the VAL from start May.  […]

posted 9.29 a.m. est Pre-open Monday 23rd August Longframe:  The Chartprofit Market timing system remained negative for the sixteenth consecutive week.  The market is most likely in ranging mode.  Sentiment indicators are mostly unhelpful at the moment but Mutual Fund Assets indicators suggest that downside is limited. e.g. amgdata.com reported Equity Fund Outflows last week […]