posted 9.28 a.m. est Pre-open Tuesday 17th November Dayframe: Monday gap up again. Value Area was higher and narrower.  More volume was generated than Friday but slightly below the recent average.  I will wait for Buyers to be marked (green) before committing to new longs.  SPX and NYA approach important overhead resistance (1/2 Bear Market) […]

posted 9.28 a.m. est Pre-open Monday 16th November Friday didn’t quite see the test of Thursday’s day session low that was expected.  Last week I marked one instance of Significant Buying and two instances of Significant Selling.  The poc for the week was found at 1088.5 (the middle). So in effect the market came higher […]

posted 9.25 a.m. est Pre-open Friday 13th November I marked Aggressive Selling on Thursday (red-at-bottom).  Therefor we should expect Thursday’s day session low (1082.5) to be tested today (8 out of ten occurence).  Value Area was overlapping/lower and taller on increased volume.  The minor poc for this week so far is emerging at 1088.5 which […]

posted 9.28 a.m. est Pre-open Thursday 12th November I marked Significant Sellers for the first time in eight days – Responsive Selling as ES tested the October high above 1100.  I also note that for three consecutive days the ISEE (equity only) index has registered above 200 which indicates a lot of public call buying […]

posted 4.35 a.m. est Pre-open Wednesday 11th November Tuesday was a consolidation day with an overlapping/higher Value Area generating less volume.  That pattern doesn’t always imply good trade facilitation higher but all of Tuesday’s day session range was above Monday’s poc at 1084 and looks like Buyers Resting.  Significant Sellers have not been marked for […]

posted 9.24 a.m. est Pre-open Tuesday 10th November Buyers were active (green-at-top) on Monday and the Value Area was higher and wider (taller) than Friday’s which indicates this was Effective Buying. As you know 80% of the time a green-at-top high gets tested the following day BUT although it’s still likely to happen I won’t […]

posted 9.29 a.m. est Pre-open Monday 9th November Last week I marked three instances of Significant Buying and no Significant Selling.  Last week’s price action indicates nothing more than a Response from the Buyers bringing ES back to value (the 1063/64 poc) and negating the Effective Selling seen on 10/30. The Buying was not Effective […]

posted 9.29 a.m. est Pre-open Friday 6th November On Thursday ES spent very little time after the open below 1052.5. Sellers did not respond early and as I suggested yesterday (see above) that would likely mean that Buyers would be marked, which they were. However this was Ineffective Buying because the Value Area, although higher, […]

posted 9.30 a.m. est Pre-open Thursday 5th November All previous comments reproduced here are relevant. 1038.50 remains First Level S/R.  Overnight ES probed down to that level (1039) and rallied, currently pre-open testing Wednesday’s poc at 1052.5.  Dayframe: I have not marked Significant Buying or Selling for three consecutive days.  I have seen that pattern […]

posted 9.20 a.m. est Pre-open Wednesday 4th November Tuesday was an inside day with a narrower, overlapping Value Area. The day session high was 1043, just below the top of the previous 2days summated Value Area which I suggested might limit the upside. During this consolidation day the 10dy poc fell to 1038.50.  1063/64 remains […]