posted 5.10 a.m. et Pre-open comment Tuesday 8th November Strictly applying my own rules I had to mark Aggressive Buying on Monday but only just as ES probed the top of the 3day range.  The Value Area was overlapping so this was not Effective Buying.  Even so, ES is holding well above the 35dy poc […]

posted 8.35 a.m. est Pre-open comment Monday 7th November The Chartprofit Market Timing System stayed positive for all US Market Charts.  UK went back to neutral. Dayframe: Overnight ES has probed up towards Resistance at 1249. The 30dy poc migrated higher last week to 1224. First sign of weakness at the start of this week […]

posted 9.29 a.m. ET Pre-open comment Friday 4th November Dayframe: ES found low on Thursday at 1st Level Support which is encouraging. I also marked Aggressive Buying (green-at-top) which is usually a positive in the ST. My minor concern on the dayframe is the fact that there has been an abscence of Sellers for three […]

posted 9.29 a.m. et Pre-open comment Thursday 3rd November ES has so far held 1/2R Support at 1214.50 but I have not marked Significant Buying since the Selling three days ago. The LT analysis still looks supportive but Buyers active on this timeframe would give more confidence. 1st Level Support = 1231 (minor poc) 2nd […]

posted 9.45 a.m ET Post-open comment Wednesday 2nd November ES has not convincingly broken the 1/2R Support at 1214.50 but also there has been no convincing Response from the Buyers.  Should the 1214.50 Support be broken I would be very cautious and if Significant Selling is marked below that level I would expect more weakness. […]

posted 9.29 a.m. ET Pre-open comment Tuesday 1st November I said yesterday that based on the overbought nature of the market and the ST Sentiment data that the Market could well consolidate here.  The price action since suggests more of a reaction than that.  There was Aggressive Selling marked yesterday and pre-open ES has tested […]

posted 10.20 a.m. ET Pre-open comment Monday 31st October The Chartprofit Market Timing System is now positive for all Major Market Charts. Friday Close was above Mon-Wed Range high which is usually good for continuation. Dayframe: The LT indications look positive but the market is very overbought by most technical measures I use (see also […]

posted 9.23 a.m. ET Pre-open comment Friday 28th October Aggressive Buying was marked on Thursday.  The stats regarding a green-at-top high being tested the following day (80%) are much less reliable for a gap day (like Thursday) but we can say that a top of any importance is very rarely marked by a green-at-top day. […]

posted 9.29 a.m. ET Pre-open comment Thursday 27th October Tuesday’s red-at-bottom low was tested on Wednesday but Buyers Responded immediately (green-at-bottom) just above 1st Level Support at 1214.50 – dotted on chart (see pre-open comments Monday & wednesday re this level ). With the last imbalance now Buying, short trades are eliminated for me.   The […]

posted 9.26 a.m. ET Pre-open comment Wedesday 26th October   I marked Significant Selling on Tuesday.  Red-at-bottom lows are usually (80%) tested the following day. Pre-open ES is printing above the 1st Level S/R at 1230.50 (minor poc).   First indication of weakness would be ES printing time below the Maj 1/2R Support at 1214.50. Long […]