posted 9.28 a.m. est Pre-open Thursday 1st April ES made its low on Wednesday on the First Level S/R 1161.50 and rallied. That’s a sign of ST strength.  Wednesday’s Value Area was overlapping, once again, building value with 1168 developing as the poc.  Since the market came higher seven days ago there has been no […]

posted 9.25 a.m. est Pre-open Wednesday 31st March Tuesday’s Value Area was wider but overlapping Monday’s.  Volume was up but well below average.  ES is consolidating in a range with 1168 being the attractive price.  This is a market waiting for the next impetus.  Pre-open ES has printed as low as 1162.75 (following the ADP […]

posted 9.18 a.m. est Pre-open Tuesday 30th March Price around 1170 was resistance yesterday as anticipated. Buyers have now rested for four days at these higher levels looking for a response from the Sellers and so far there has been none.  This may give the Buyers confidence to step back in. Monday’s Value Area was […]

posted 9.27 a.m. est Pre-open Monday 29th March Last week I marked Significant Buying three times.  There was no Significant Selling. The poc at 1161.50 was developed further so this is still the obvious First Level S/R at the start of this week.  Sellers have still not offered an Effective Response.  If ES holds above […]

posted 7.20 a.m. est Pre-open Friday 26th March Note: yesterday’s graphic was incorrectly dated, apologies. On the index charts yesterday’s bar looks like a bearish reversal day but on the profile you can see that the Value Area was higher and wider on increased volume and the only damage so far was a slight probe […]

posted 9 a.m. est Pre-open Thursday 25th March from webcast: “there is potential resistance up around 1171” 1161.50 did indeed provide support yesterday – that was the low.  ES did not test the previous day’s high but looks as though it will today (ES currently prints 1170). If ES can consolidate above 1170 area I’m […]

posted 9.29 a.m. est Pre-open Wednesday 24th March There was a new high on Tuesday with ES stalling around the 1171 level I mentioned in the webcast.  Overnight ES has printed as low as 1162, just above First Level S/R at 1161.50.  Aggressive Buying (green-at-top) was marked again and this (80% of the time) indicates […]

I said earlier today that >>My version of the Rydex Assets Ratio was up from 3.4 to 3.6<< that was incorrect.  Those numbers actually belong to my version of the Rydex ND100 assets ratio. My Version of the Rydex Assets Ratio actually fell from 2.7 to 2.4 Apologies.

posted 9.29 a.m. est Pre-open Tuesday 23rd March Significant Responsive Buying (green-at-bottom) and Aggressive Buying (green-at-top) were marked yesterday.  The Responsive Selling marked on Friday may have been the first since early February but possibly misleading (it was quadruple witching day).  Either way the Buyers responded immediately after the open and there is no doubt […]

posted 9.27 a.m. est Pre-open Monday 22nd March Friday marked the first time since 4th February that Significant Sellers appeared. Last Friday was also quadruple witching and these expiration dates are often highly volatile and market movements are not always to be “trusted”.   However, Responsive Selling (red-at-top) and a lower, wider Value Area that generated […]