posted 9.29 a.m. est Pre-open Friday 7th August Slightly higher prices did bring a response from the Significant Sellers (red at top).  That’s the first time I’ve had to mark their activity for twenty one days. As yet this is not Effective Selling, Thursday’s Value Area was overlapping/lower and narrower and generated less volume.  Until […]

posted midday pre-open comment today>>ES didn’t quite test Tuesday’s day session high (1005) although it will very likely today.  It is rare to see Aggressive Buying (green at top) marking the top of a significant move. ES did sell off early in the day testing Tuesday’s low which is rare following a day when Responsive […]

posted 9.30 a.m. est Pre-open Thursday 6th August ES didn’t quite test Tuesday’s day session high (1005) although it will very likely today.  It is rare to see Aggressive Buying (green at top) marking the top of a significant move.  ES did sell off early in the day testing Tuesday’s low which is rare following […]

posted 9.29 a.m. Pre-open Wednesday 5th August As the stats suggested Monday’s high was tested.  We have the same expectation for today (Wednesday) because Significant Buyers were marked twice on Tuesday. Intraday oscillators are showing some negative divergence with the price action so maybe ES will set back after an early test of Tuesday’s high […]

posted 5.50 a.m. est Pre-open Tuesday 8th August Monday’s Value Area was higher, wider on reduced volume.  I marked aggressive Buying (green at top).  This normally indicates higher in the short term, i.e. 80% of the time the following day will test the high.  The day session low on Monday was 988.75.  The day following […]

posted 9.16 a.m. Pre-open Monday 3rd August Although the market is overbought by most measures (e.g. 85% of stocks in my Nyse list are above their 50day ma) it hasn’t auctioned high enough to attract a response from the Significant Sellers. We’ve seen eighteen days now without Significant Selling.  First Level S/R moves to ES […]

posted 9.29 a.m. est Pre-open Thursday 30th July The HiLo range for this week so far is about half the 20wk average so the range is likely to expand. With Thursday hitting a new high for the week pre-open it looks like the direction of that expansion will most likely be higher Considering that we’re […]

posted 9.08 a.m. est Pre-open Wednesday 29th July Pre-open Tuesday I said that the First Level S/R had moved to 978 (dashed red line) and if ES opened below that price it could provide resistance. You can see from the chart that this level was indeed resistance yesterday. I use this as a measure of […]

posted 6.30 a.m. est Pre-open Tuesday 28th July Monday’s Value Area was Overlapping/Higher and narrower on less volume.  This is possibly a slowing of the up auction but I will not consider the short side at least until Effective Sellers re-emerge (red).  After an early setback from the open, ES rallied back in the p.m. […]

posted 9.29 a.m. est Pre-open Monday 27th July Significant Sellers have not appeared for thirteen days now.  Friday’s Value Area was narrower (slightly) and overlapping/Lower and that’s the first Value Area with a lower low for two weeks.  Buyers are in control and the Frist Level S/R moves to 973 (pre-open low is 974.5).  I […]