posted 9.27 a.m. est Pre-open Monday 29th March Last week I marked Significant Buying three times.  There was no Significant Selling. The poc at 1161.50 was developed further so this is still the obvious First Level S/R at the start of this week.  Sellers have still not offered an Effective Response.  If ES holds above […]

posted 7.20 a.m. est Pre-open Friday 26th March Note: yesterday’s graphic was incorrectly dated, apologies. On the index charts yesterday’s bar looks like a bearish reversal day but on the profile you can see that the Value Area was higher and wider on increased volume and the only damage so far was a slight probe […]

posted 9 a.m. est Pre-open Thursday 25th March from webcast: “there is potential resistance up around 1171” 1161.50 did indeed provide support yesterday – that was the low.  ES did not test the previous day’s high but looks as though it will today (ES currently prints 1170). If ES can consolidate above 1170 area I’m […]

posted 9.29 a.m. est Pre-open Wednesday 24th March There was a new high on Tuesday with ES stalling around the 1171 level I mentioned in the webcast.  Overnight ES has printed as low as 1162, just above First Level S/R at 1161.50.  Aggressive Buying (green-at-top) was marked again and this (80% of the time) indicates […]

I said earlier today that >>My version of the Rydex Assets Ratio was up from 3.4 to 3.6<< that was incorrect.  Those numbers actually belong to my version of the Rydex ND100 assets ratio. My Version of the Rydex Assets Ratio actually fell from 2.7 to 2.4 Apologies.

posted 9.29 a.m. est Pre-open Tuesday 23rd March Significant Responsive Buying (green-at-bottom) and Aggressive Buying (green-at-top) were marked yesterday.  The Responsive Selling marked on Friday may have been the first since early February but possibly misleading (it was quadruple witching day).  Either way the Buyers responded immediately after the open and there is no doubt […]

posted 9.27 a.m. est Pre-open Monday 22nd March Friday marked the first time since 4th February that Significant Sellers appeared. Last Friday was also quadruple witching and these expiration dates are often highly volatile and market movements are not always to be “trusted”.   However, Responsive Selling (red-at-top) and a lower, wider Value Area that generated […]

posted 9.25 a.m. est Pre-open Friday 19th March Thursday’s session generated a narrower “inside” Value Area.  Two days of  consolidation centred around ES1161.50 has seen that level attract more time than any other over the last three weeks.  It therefore becomes an important reference price (poc) and means the highlighted comments below from yesterday (see […]

posted 9.28 a.m. est Pre-open Thursday 18th March Note: now following ES June contract. Wednesday’s session gapped higher and consolidated with a narrower Value Area generating slightly less volume but still greater than 10dyma.  The market extended its “overboughtness” which it will do in an acceleration move (often into a top) – SP500 index RSI(14) […]

posted 9.27 a.m. est Pre-open Wednesday 17th March Note:  I stated previously that data was now based on the June contract.  That was incorrect.  I am still using the March contract data.  This will change soon. Significant Buyers were active again on Tuesday, Aggressively auctioning ES higher (green-at-top).  First Level S/R moves up to the […]