posted 5.40 a.m. est Pre-open Wednesday 16th June Aggressive Buyers were active on Tuesday (green-at-top).  I apply my own strict criteria when classifying Buying or Selling activity as Effective.  One of these is whether the Value Area is overlapping or not.  Yesterday’s Value Area was overlapping/higher and strictly speaking that means I cannot call it […]

posted 9.28 a.m. est Pre-open Tuesday 15th June Significant Selling was marked on Monday.  Sellers Responded at the high of the 20day Value Area (greyed), which is VAhigh=1101 and VAlow=1052.  Monday’s Value Area was Higher and Wider so this was not Effective Selling. Volume was reduced but still above average.  The last Effective imbalance was […]

posted 9.25 a.m. est Pre-open Monday 14th June Note: Following the September contract now. Longframe: The major Market Timing charts stayed negative for the sixth consecutive week. Dayframe: Significant Buying was marked on Thursday and Friday last week but on both days the Value areas narrowed – this was not Effective Buying.  Effective Buying marked […]

posted 9.28 a.m. est Pre-open Friday 11th June Significant Buying was marked on Thursday but Value Area was overlapping/higher and narrower so this was not Effective Buying.  There was a probe above the 1082 poc late in the day but pre-open today ES has suffered another set back, printing down to 1075.  Effective Buying marked […]

posted 6.50 a.m. est Pre-open Thursday 10th June Little change in the comment pre-open today. Worth noting that the centre of Wednesday’s price action was 1064/65 – see Tuesday’s comment. Dayframe: First Level Resistance today is the 1082 poc. First Level Support is at 1055. If ES prints time below this level then a test […]

posted 9.17 a.m. est Pre-open Wednesday 9th June Lower, wider Value Area on increased volume on Tuesday but a decent bounce in the pm. closing near the high of the day.  Longframe: CP Mkt Timing system negative.  Last marked imbalance was Selling (red).  Sellers still in control.  Longs eliminated for me on any timeframe. Dayframe: […]

posted 9.22 a.m. est Pre-open Tuesday 8th June Significant Sellers were marked again on Monday.  The Value Area was overlapping/lower, narrower and generated less volume so this was not Effective Selling as ES auctioned below the low (1070) of the 13day Value Area (grey on chart). Longframe: You can see from the chart that the […]

posted 9.23 a.m. est Pre-open Monday 7th June Longframe: The CP Market Timing System was negative for the fifth consecutive week.  Note that Friday’s weak close meant that last week’s structure was back to the bearish pattern of relative weakness at the end of the week.  Dayframe: On Friday I marked Significant Selling (red-at-bottom).  This […]

posted 3.30 a.m. est Pre-open Thursday 3rd June Tuesday’s low was not tested on Wednesday (8 out of 10 times a red-at-bottom low is tested the following day).  This lack of follow-through was also seen late last week when the Buyers failed to auction ES above the 10day Value Area (grey). Over the last four […]

posted 9.30 a.m. est Pre-open Wednesday 2nd June All previous comments (highlighted on graphic) are relevant. Significant Selling marked again on Tuesday (red-at-bottom). Odds are that Tuesday’s low (1068.50) will be tested today. 1082 (25day poc) is First Level S/R. If ES is going to test the 1036.75 low then 1082 would most likely be […]