posted 8.20 a.m. est Pre-open comment Monday 23rd May The Chartprofit Market Timing System is negative for all Major Market Charts.  %Stocks>50ma numbers for both Nyse and Nasdaq are below 50. Last week ES (and NQ) retraced 50% of the decline from the early May high (dotted on chart) but could not overcome that important […]

posted 9.20 a.m. est Pre-open comment Friday 20th May The Support and Resistance given pre-open marked the extremes on Thursday apart from brief, rejected tests early in the session.  Following Wedneday’s Aggressive Buying ES was higher yesterday but has yet to exceed the given Resistance at 1344.75.  As I wrote “Time printed above that level […]

posted 8.29 a.m. est Pre-open comment Thursday 19th May I marked Aggressive Buying (green-at-top) on Wednesday and a Higher, wider Value Area was generated above the 1327 poc which is Effective Buying.  Pre-open ES has printed back to the minor 1/2R off May high at 1344.75.  Time printed above that level would confirm the minor […]

posted 9.20 a.m. est Pre-open comment Wedesday 18th May I suggested Buyers might Respond (green-at-bottom) if 1317 printed and that did occur yesterday but Tuesday’s Value Area printed entirely below the 1327 poc so this is not Effective Buying.  1317 is a previous poc and just below the VAL on various timeframes out to 40days.  […]

posted 9.29 a.m. est Pre-open comment Tuesday 17th May The 1327 support was tested on Monday with the Session Close being below that level.  Aggressive Selling (red-at-bottom) was marked.  Bulls would want to see ES recover back above 1327 asap but with the Chartprofit Market Timing System negative for Nyse and Nasdaq and the %Stocks>50ma […]

posted 8.40 a.m. est Pre-open comment Monday 16th May It is rare to see Significant Buyers and Sellers so active at the same time. Last week I marked two instances of Significant Buying and three instances of Significant Selling. However, all of last week’s price action took place entirely above 1327 which kept ES in […]

posted 9.29 a.m. est Pre-open comment Friday 13th May The activity of Significant Buyers and Sellers over the last few days has been unusually volatile but this tug-of-war has taken place entirely above 1327 so ES has stayed in a strong price location.  I recently described the price area between 1327 and 1349.50 as “no […]

posted 9.21 a.m. est Pre-open comment Thursday 12th May My ST reading of the market going into Wednesday’s session (see above) went wrong very quickly.   I had anticipated support around 1349.50 (minor 1/2R), a test of Tuesday’s green-at-top high and further strength to the end of the week which would hopefully have seen the Market […]

posted 9.30a.m. est Pre-open comment Wednesday 11th May Tuesday: Aggressive Buying was marked which means that Short Trades are now eliminated for me until Selling is marked again.  Both Monday and Tuesday session lows came in at the given First Level S/R.  This is encouraging for the Bulls. Dayframe: Tuesday green-at-top high came in at […]

If ES session Close is above 1352 I will very likely mark Buying on today’s Profile and that will be above the 1/2R Resistance at 1349.50, see previous comments below.   from pre-open comment Tuesday 3rd May >>In the longer timeframe as long as ES holds above 1327 it is in a strong price location.<< […]