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) […]

posted 9.29 a.m. est Pre-open Wednesday 9th September Tuesday’s Value Area was higher but very narrow generating less volume.  The negative is that a narrow day like this does not indicate trade is being facilitated higher.  The positive is that Tuesday consolidated above 1015 (see yesterday’s comments). Pre-open today ES has again probed up into […]

posted 9.29 a.m. est Pre-open Tuesday 8th September Sellers were unable to auction ES convincingly below 994.5 last week. The poc support held which was the first test of Selling strength.  Last week I marked two instances of Significant selling and two of Significant Buying.   It took the Buyers more than three days to retrace […]

posted 9.29 a.m. est Pre-open Friday 4th September Thursday’s Value Area overlapped Wednesday’s and there has been no Significant Buying or Selling to mark for two days, both of which were on declining volume. This looks like Sellers Resting – offering an opportunity to the Buyers which they have not yet taken. If Buyers do […]