posted 9.27 a.m. est Pre-open Tuesday 8th December ES spent Monday in a tight range, the Value Area was narrow and the volume was low. Main point is that ES did not manage to consolidate above 1108 (see yesterday’s comments above).  Effective Selling would confirm weakness out of the Dec 4th time pivot but that […]

webcast – charts to 4th December released for subscribers earlier in the week

posted 9.20 a.m. Pre-open Monday 7th December ES rallied into the 273/182 time pivot (around 4th December) discussed in the webcast last week. This is a potential turning point in time. Last week’s Value Area was overlapping/higher.  The WkVAL (value area low) was 1096.5 which was tested and rejected p.m. on Friday – ES then […]

posted 9.15 a.m. est Pre-open Friday 4th December On Thursday I marked Responsive Selling (red-at-top) above 1115 for the second time this week and also Aggressive Selling (red-at-bottom). Thursday’s Value Area was overlapping Wednesday’s so this is not yet Effective Selling. Better than expected figures released pre-open have sent ES back above the 1108 poc […]

posted 9.28 a.m. est Pre-open Thursday 3rd December A new high on Wednesday for ES met with Responsive Selling (red-at-top) and we’re into the 273/182dy time pivot discussed in the webcast (a potential turning point in time).  The recent poc emerging over this range is 1108 and this was re-enforced yesterday.  Again, obvious rejection of […]

posted 9.28 a.m. Pre-open Tuesday 1st December You can see more than one day-session gap over recent days in this erratic market.  You’ll also notice they have been filled so maybe yesterday’s will too. Either way I’m not considering short side (see Tuesday’s comments) until I mark Significant Sellers.  My Rydex indicators tell me the […]

webcast – charts to 27th November https://www.chartprofit.com/video/cp__112709_2.html released for subscribers earlier in the week

posted 9.08 a.m. est Pre-open Tuesday 1st December 1106.5 = First Level Resistance.  (10day poc) 1088.5 = First Level Support. (major poc) With Buying (green) as the last imbalance I cannot consider the short side.  ISEE (equity only) index had the lowest reading for four months at 135 and the Rydex Asset ratio (my version) […]

posted 9.26 a.m. est Pre-open Monday 30th November After the news related sell-off on Friday ES held above support to keep the longframe uptrend intact (see Friday comments bottom left). 1088.50 has emerged as the poc for the last 60 days or more.  From the overnight low (early Friday) of 1067 ES rallied back as […]

posted 9.28 a.m. Pre-open Friday 27th November Over last nine trading days I only marked Significant Activity once signifying a lack of directional conviction. The public got very bullish earlier this week.  The Rydex timers and the option buyers were very skewed to the long side.  The SPY and NYA charts recently reached significant overhead […]