posted 9.29 a.m. est Pre-open comment Friday 8th April see yesterday’s comments (highlighted on graphic) Thursday’s session saw early weakness which recovered.  Low held above the 1318 support but the high-low range for the week was slightly extended .  This is still well below the recent Weekly average of 30 points so range extension is […]

posted 9.29 a.m. est Pre-open comment Thursday 7th April Sellers were marked on Wednesday, Responding to a test of the recent highs. The Value Area was overlapping so this is not Effective Selling.  If I strictly apply my rules then Long trades are eliminated for me today because of that red-at-top high but if ES […]

posted 9.29 a.m. est Pre-open comment Wednesday 6th April ES has now consolidated for five days above the 1318 poc.  Significant Buyers were not marked in that time but Sellers have not taken the opportunity.  This looks like Buyers Resting.   Dayframe: Pre-open ES has printed as high as 1336.50, just below the February high at […]

posted 9.29 a.m. est Pre-open comment Tuesday 5th April Both Friday and Monday found support at the 15day poc at 1324.  This remains First Level Support today. Most recent imbalance is the Aggressive Buying five days ago so Short Trades are still eliminated for me.  ES has consolidated above the gap higher four days ago […]

posted 9.15 a.m. est Pre-open comment Monday 4th April Friday’s session found support at the First Level Support given pre-open which is a positive in the ST.  Longframe:  ChartProfit Market Timing System is now neutral for all US Market Charts apart from R2000 which is positive.  The U.K. chart remained negative.  Last Week’s Structure was […]

posted 9.29 a.m. est Pre-open comment Friday 1st April Wednesday’s session held above the 1318 poc printing enough time at 1324 to lift the 15day poc to this level.  As the minor poc migrated higher the 8dayVAH also migrated higher to 1327 and therefore ES is no longer overbought relative to this measurement of Value.  […]

posted 9.29 a.m. est Pre-open comment Thursday 31st March Tuesday’s session gapped higher above the 1318 poc Resistance which is now Support.  This puts ES in a strong price location if it holds. ES prints above 1315 which is the VAH measured on various timeframes indicating it is ST overbought. Dayframe: Repeating from yesterday that […]

posted 9.29 a.m. est Pre-open comment Wednesday 30th March Monday’s (red-at-bottom) low was tested early in Tuesday’s session.  This was quickly rejected and after printing time around 1310.50 (as Friday and Monday did) ES auctioned higher to yesterday’s area of Resistance at 1317-18.  Significant Buying was marked (Value Area was overlapping so this is not […]

posted 9.29 a.m. est Significant Selling (red-at-bottom) was marked on Monday following an early probe to a 12day high.  This was Ineffective Selling because Monday’s Value Area was overlapping Friday’s.  Even so, Stats tell me that any (red-at-bottom) low has an 80% chance of being tested the following day (although the most recent one on […]

posted 9.29 a.m. est Pre-open comment Monday 28th March Longframe: The Chartprofit Market Timing System turned neutral (from negative) for Nyse, SP500 and R2000 Market Charts.  Nasdaq stayed negative. Daily Breadth Indicators have improved.  The %Stocks>50dayma is now above 50% for both Nyse and Nasdaq.  Also the %NNH25 5dayma is back above zero for both […]