posted 9.25 a.m. est Pre-open Friday 10th September Dayframe: In this timeframe I apply my #1 Rule of “never fading the last imbalance” and although it is sometimes frustrating (see Wednesday) in the long run it pays off.  As of close yesterday the most recent imbalance is now Selling (red) so Long trades are eliminated […]

posted 8.35 a.m. est Pre-open Thursday 9th September Dayframe: Most recent imbalance is now Buying (green) so Short trades are eliminated for me.  Tuesday’s Selling was not Effective but, based on stats, I expected a test of that session low during Wednesday’s session.  That didn’t happen, instead Buyers Responded (green-at-bottom) immediately below Tuesday’s VAL.  If […]

posted 7.35a.m. est Pre-open Wednesday 8th September Dayframe: Most recent imbalance is now Selling (red) and therefore a test of Tuesday’s low is likely during today’s session. ES spent most time on Tuesday printing at the Major poc at 1094.  Printing close to a major poc like this makes a directional call difficult.  Longframe and […]

posted 9.28 a.m. est Pre-open Tuesday 7th September Last week I marked Significant Selling on Monday followed by three instances of Significant Buying.  Friday closed above Mon-Wed range and above the highs of the previous two weeks which usually indicates continuation higher. Longframe: Long positions are still eliminated for me. The ChartProfit Market Timing System […]

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 […]