posted 9.29 a.m. est Pre-open Friday 20th November Immediate weakness from the open on Thursday. Haven’t marked Significant Buying or Selling for five days now – but that’s what kept me from initiating new longs; the last imbalance was red. No great expansion in the Value Area yesterday but the volume was up. The dollar […]

posted 9.29 a.m. est Pre-open Thursday 19th November On Wednesday ES further consolidated the poc at 1106 in a low volume, narrow Value Area. Both Tuesday and Wednesday were spent within Monday’s range.  This pattern has a habit of resolving in a fast move usually in the direction of the breakout.  Question is which way?  […]

posted 9.28 a.m. est Pre-open Wednesday 18th November Yesterday’s comments are relevant. The day session high on Tuesday was 1109 – just above the First Level Resistance marked yesterday at 1108.50.   Following Monday’s gap higher I marked no Significant Buying or Selling activity on Tuesday but ES is printing Value Areas above last week’s range […]

posted 9.28 a.m. est Pre-open Tuesday 17th November Dayframe: Monday gap up again. Value Area was higher and narrower.  More volume was generated than Friday but slightly below the recent average.  I will wait for Buyers to be marked (green) before committing to new longs.  SPX and NYA approach important overhead resistance (1/2 Bear Market) […]

posted 9.28 a.m. est Pre-open Monday 16th November Friday didn’t quite see the test of Thursday’s day session low that was expected.  Last week I marked one instance of Significant Buying and two instances of Significant Selling.  The poc for the week was found at 1088.5 (the middle). So in effect the market came higher […]

posted 9.25 a.m. est Pre-open Friday 13th November I marked Aggressive Selling on Thursday (red-at-bottom).  Therefor we should expect Thursday’s day session low (1082.5) to be tested today (8 out of ten occurence).  Value Area was overlapping/lower and taller on increased volume.  The minor poc for this week so far is emerging at 1088.5 which […]

posted 9.28 a.m. est Pre-open Thursday 12th November I marked Significant Sellers for the first time in eight days – Responsive Selling as ES tested the October high above 1100.  I also note that for three consecutive days the ISEE (equity only) index has registered above 200 which indicates a lot of public call buying […]

posted 4.35 a.m. est Pre-open Wednesday 11th November Tuesday was a consolidation day with an overlapping/higher Value Area generating less volume.  That pattern doesn’t always imply good trade facilitation higher but all of Tuesday’s day session range was above Monday’s poc at 1084 and looks like Buyers Resting.  Significant Sellers have not been marked for […]

posted 9.24 a.m. est Pre-open Tuesday 10th November Buyers were active (green-at-top) on Monday and the Value Area was higher and wider (taller) than Friday’s which indicates this was Effective Buying. As you know 80% of the time a green-at-top high gets tested the following day BUT although it’s still likely to happen I won’t […]