posted 9.25 a.m. est Pre-open Monday 21st September I marked three instances of Significant Buying last week and one of Significant Selling.  ES tested the 1070 level early in Thursday’s session where it met with a Significant Response from the Sellers.  As I mentioned pre-open Thursday, 1070 may be a problem for ES. I’m gauging […]

posted 9.28 a.m. est Pre-open Friday 18th September On Thursday ES tested the previous day’s Green at Top – up to just above 1070 (a resistance level mentioned pre-open yesterday) and Buyers Responded (red at top).  That’s the first time I’ve marked Significant Selling activity since the low early in the month.  Thursday’s Value Area […]

posted 9.25 a.m. est Pre-open Thursday 17th September On Wednesday, ES found support soon after the open at Tuesday’s poc and climbed higher throughout the session. I marked Aggressive Buying Activity (green at top) generating a higher, wider Value Area.  Once again this is Effective Buying with no response from the Sellers.  Everything looks good […]

posted 9.23 a.m. est Pre-open Wednesday 16th September There was an early probe down into yesterday’s First Level S/R at 1040.5 (dotted line) which was rejected quickly.  Following that test ES auctioned higher for most of the rest of the session, generating a higher, narrower Value Area on increased Volume.  Apart from Monday there have […]

posted 7.25 a.m. est Pre-open Tuesday 15th September Significant Buyers were active again on Monday.  They were offered an early opportunity to buy just below the low of the three previous days cumulative Value Area and Responded (green at bottom).  They were also active later in the day Aggressively auctioning price higher (green at top).  […]

posted 9.30 a.m. est Pre-open Monday 14th September Last week I marked two instance of Significant Buying and the Significant Sellers were absent.  That’s six consecutive up days (higher highs, higher lows) from the low on 2nd Sept.  First Level S/R is at 1024.5 for today’s session which is the 4week poc.  If the auction […]

posted 9.28 a.m. est Pre-open Friday 11th September On Thursday ES found support at 1027.5 – above the poc support mentioned pre-open.  Aggressive Buyers were active again (green at top) generating an overlapping/higher, wider Value Area on increased volume.  That’s Effective Buying.   That’s five consecutive up days (higher highs, higher lows) and for the last […]

posted 9.29 a.m. est Pre-open Friday 11th September On Thursday ES found support at 1027.5 – above the poc support mentioned pre-open.  Aggressive Buyers were active again (green at top) generating an overlapping/higher, wider Value Area on increased volume.  That’s Effective Buying.   That’s five consecutive up days (higher highs, higher lows) and for the last […]

Why stock traders should watch Forex charts

posted 5a.m. est Pre-open Thursday 10th September On Wednesday ES traded above 1028 (where the Sellers Responded on 1st Sept).  The Value Area was higher and wider and generated more volume. Also the last two value areas have been above 1015, the 1/2R from August high.  Longframe analysis (webcast) suggests caution (negative divergences, overheated sentiment) […]