posted 9.29 a.m. est Pre-open Friday 19th February Significant Buyers were active again on Thursday (green-at-top).  The Value Area was overlapping and although wider than Wednesdays was only 4.8 whereas the 20day average VA is 7.8.  Volume was also up but again much less than the 20day average.  I have great difficulty classifying this as […]

posted 9.25 a.m. est Pre-open Thursday 18th February Wednesday generated a very narrow Value Area and very low volume (22 day low). That’s two consecutive days of narrower Value Areas and less volume so this is not obviously facilitating price higher.  Although Wednesday’s price action took place mainly above 1094 enough time was spent at […]

posted 8.58 a.m. est Pre-open Wednesday 17th February Tuesday’s high was 1094 – right at the poc resistance but it came late in the day and there has been no response from the Sellers.  Aggressive Buying (green-at-top) was marked although this was not Effective Buying; the Value Area was higher but narrower and the volume […]

posted 8.48 a.m. est Pre-open Tuesday 16th February Last week I marked two instances of Significant Buying and no Significant Selling.  The market is attempting to rally from oversold levels but day-to-day Value Areas were overlapping last week which does not yet signify directional conviction.  Also notice that the last five days price action all […]

posted 9.20 a.m. est Pre-open Friday 12th February The bias of the weekly Market Timing Chart is negative (see ebook) but in the dayframe analysis Significant Buying was marked on Thursday which often indicates higher in the short term.  These obviously conflict. As I suspected it might, the major poc migrated lower to 1064, the […]

posted 9.25 a.m. est Pre-open Thursday 11th February I had a hunch at the start of the week that 1064 would become the attractive price and that has been the case.  The five day poc has emerged at that price but there’s not been quite enough time spent there to cause the major poc to […]

posted 6.45 a.m. est Pre-open Wednesday 10th February ES has been printing in the area most likely to cause the poc to migrate lower (around 1064) which would be a significant development but has not yet occurred. ST sentiment indicators:  On Tuesday my version of the Rydex Assets ratio fell from 1.31 to 1.21 and […]

posted 8.10 a.m. est Pre-open Tuesday 9th February Monday’s Value Area was overlapping/higher but narrower than Friday’s and generated less volume.  Overnight ES printed as high as 1067 which is 3dayHVA (high of the summated Value Area for last three days).  That’s not much of a performance from the Buyers (who have only been marked […]

posted 9.20 a.m. est Pre-open Monday 8th February Last week I marked one instance of Significant Buying and one instance of Significant Selling. The low on Friday was 1040.75 which emphasises the importance of the 1094 poc.  1094 is now also the centre of the range from the high on 11th Jan. This level should […]

posted 9.28 a.m. est Pre-open Friday 5th February The green-at-top Buying Imbalance on Tuesday was obviously a misleading sign of strength in the dayframe but obeying my rule I had to wait for a red Selling Imbalance which which have now seen.  And this was Effective Selling below the 1094 poc.  The hunch I had […]