posted 9.07 a.m. est Pre-open comment Wednesday 27th April ES session low Tuesday was 1334.50, i.e. holding above the minor poc at 1333.  This was a further indication of ST strength.   February’s high was exceeded and the SP500 index reached its highest level since June 2008.  No Response marked from the Sellers.  Buyers in control.  […]

posted 9.28 a.m. est Pre-open comment Tuesday 26th April The 1327 (5month poc) support held during Monday’s session and again overnight.  ES printing below this level would be the first indication of ST weakness and so far this week this has not occured.  Although no Significant Buying has been marked since the gap up last […]

posted 8.55 a.m. est Pre-open comment Monday 25th April All of Thursday’s session held above the 1327 (5month poc) support.  If ES holds above this level at the start of this week it is in a strong position and February’s high at 1337.75 (which was matched pre-open Thursday) will very likely be exceeded but currently […]

posted 9.29 a.m. est Pre-open comment Thursday 21st April ES gapped open on Wednesday but Responsive Sellers did not step in.  Instead there was enough time spent at 1327 to migrate the 5month poc slightly lower to this level.  This is now Support.  Dayframe: Short Trades still eliminated for me.  If ES can hold and […]

posted 9.29 a.m. est Pre-open comment Wednesday 20th April Looks like my interpretation of the recent Buying Activity was uneccessarily over-complicated (see yesterday’s pre-open comments). Fact is we had Significant Buyers marked for three consecutive days (now four).   Buying (green) was marked last Thursday so Short Trades have been eliminated for me since pre-open Friday […]

posted 9.29 a.m. est Pre-open comment Tuesday 19th April ES fell soon after the open on Monday but found Support (within the zone given) just above the 1/2R off February high.  It is always helpful to ask the questions “who is Active?” and “are they Effective?”.  You can see from the chart that in the […]

posted 8.42 a.m. est Pre-open comment Monday 18th April Chartprofit Market Timing system is negative for all major Market Charts except Russell2000 which is now neutral. Last week I marked two instances of Significant Buying and two of Significant Selling.  Friday closed well above the Mon_Wed range low and Weekly Structure showed no directional bias […]

posted 9.29 a.m. est Pre-open comment Friday 15th April Responsive Buying (green-at-bottom) was marked on Thursday.   Value Area was lower and wider so this is not Effective Buying.  1312.50 remains the minor poc although it requires very little time at 1308 for the minor poc to migrate to this level. Dayframe: The rally off Thursday’s […]

posted 9.29 a.m. est Wednesday: A probe higher early in Wednesday’s session didn’t quite make it into the Resistance band between 1318-1321 before being Responsive Sellers stepped in (red-at-top).  That’s five instances of Significant Selling marked in the last six days.  Later in the session Tuesday’s low was tested. With no Significant Buying activity yet […]

posted 9.30 a.m. est Pre-open comment Wednesday 13th April Tuesday generated a lower, narrower Value Area.  Session low was 1305.25 – I have no obvious support here.  Most recent Imbalance is Aggressive Selling so I will assume lower until I mark Significant Buying or until ES is able to print value above 1321 (minor 1/2R).  […]