posted 9.29 a.m. et Pre-open comment Tuesday 13th December Note: we are now following the March contract.  Thu/Fri profiles last week are now also shown as March contract. Thursday’s red-at-bottom low was tested on Monday but the most recent imbalance is Friday’s green-at-top high.  It is not obvious who controls the dayframe.  Possibly the March […]

posted 8.16 a.m. et Pre-open comment Monday 12th December The Chartprofit Market Timing System is Mixed.  Positive for Nyse Market Chart and Negative for Nasdaq and the UK. Thursday’s red-at-bottom low (Significant Selling) was not tested on Friday.  In fact Aggressive Buying (green-at-top) was marked.  A pattern of Aggressive Buying (or Selling) followed the next […]

posted 9.29 a.m. et Pre-open comment Friday 9th December Thursday’s session high came in 1256.25, just below First Level Resistance at 1257. Later in the day the 50day poc Support at 1244 was broken as Significant Selling was marked for the first time since the November low.  Long Trades eliminated for me at least until […]

posted 9.28 a.m. et Pre-open comment Thursday 8th December The 50day poc at 1244 provide exact Support for the low on Wednesday.  This is now proven Support and Effective Selling marked below that level would be significant.  There has been a lack of Significant Imbalances to mark over the last few days since ES reached […]

posted 9.24 a.m. et Pre-open comment Wednesday 7th December I wrote pre-open Friday (highlighted on graphic) that ES may find it difficult to make progress above the VAH at 1258 without some consolidation first. That’s been the case but as long as ES holds above the 50dy poc at 1244 we can’t expect much weakness.  […]

posted 9.19 a.m. et Pre-open comment Tuesday 6th December Overnight ES low was 1245.25, just above the 50dy poc at 1244.  Time spent below that level would be the first minor sign of weakness this week. First Level Support = ES 1244 (50dy poc)   SPY = 125.44* *migrated to this level on Monday Second Level […]

posted 9.24 a.m. et Pre-open comment Monday 5th December Apart from a test very late on Friday ES held above the newly migrated 50dy poc at 1244.  Time spent below that level would be the first minor sign of weakness this week. Last week I marked Significant Buying once and no Significant Selling. SP500 index […]

posted 9.29 a.m. et Pre-open comment Friday 2nd December ES spent most time on Thursday printing close to and developing the 1244 poc.  Overnight has printed as high as 1262.75 but the VAH on more than one timeframe comes in at 1258 suggesting that ES may find it difficult to make progress above that level […]

posted 9.29 a.m. et Pre-open comment Thursday 1st December ES gapped higher to open on Wednesday and Aggressive Buying (green-at-top) was marked on later in the day.  %Stocks>50dyma numbers are now above 50 which is supportive. The 50day poc comes in at 1244 and as I write pre-open ES prints at that level.  Time printed […]

posted 9.29 a.m. et Pre-open comment Wednesday 30th November ES spent most time on Tuesday at 1196 which is the 8month poc but pre-open today has spiked as high as 1234.50.  All four major index ETFs are now printing above the levels given in this week’s eBook and are therefore in a stronger price location. […]