posted 9.27 a.m. est Pre-open Tuesday 21st July Once again Significant Buyers were active on Monday (green) and the Value Area was higher, wider and volume expanded (just). Actually volume is still very low, ES total volume on Monday was 20% less than the 10day ma which is itself very low. With no Significant Selling […]

posted 9.28 a.m. est Pre-open Monday 20th July Last week I marked four instances of Significant Buying. There has been no Significant Selling for eight consecutive days. You can see last week that when the Buyers appeared volume expanded and on days when the Buyers rested volume contracted and the Value Area was narrower indicating […]

posted 9.18 a.m. est Pre-open Friday 17th July On the chart I’ve extended each day’s controlling price across the following session. Apart from very early on Monday, the price range of each day session this week has been above the previous day’s controlling price. This is dayframe uptrend. Thursday’s controlling price came in at 928 […]

posted 9.24 a.m. est Pre-open Thursday 16th July Back on Friday 26th June I wrote >>The most recent imbalance is Buying (green) and according to my rules that should eliminate the short side for me until Significant Selling (red) is marked. Personally I will be struggling to obey my own rules and not short this […]

posted 7.50 a.m. est Pre-open Wednesday 15th July There wasn’t much follow through on Tuesday.  The Value Area was higher and narrower on less volume and that’s not usually good for continuation higher, at least not immediately.  On the hourly chart the momentum oscillators are overbought and strength early in the week isn’t always to […]

posted 9.25 a.m. est Pre-open Tuesday 14th July Since I made the comment pre-open Thursday that 878 may well attract time, ES has in fact spent more time at 878 than any other level.  I saw that as a negative development but on Monday I marked Effective Buying which has taken ES back towards the […]

posted 9.25 a.m. est from pre-open comment Thursday 9th July >>878 may well attract time – that would be a negative if it does. << from pre-open comment Friday 10th July >>The last imbalance was Selling (red) on Tuesday and it looks like Sellers resting since then trying to force a response from the Buyers […]

posted 9.29 a.m. est Pre-open Friday 10th July Wednesday’s Value Area was lower and wider on increased volume.  Thursday’s Value Area was higher and narrower on decreased volume.  That is not usually a positive indication. The last imbalance was Selling (red) on Tuesday and it looks like Sellers resting since then trying to force a […]

posted 9.29 a.m. Pre-open Thursday 9th July Wednesday’s Value Area was lower and wider on increased volume.  The major poc support at 870 was tested and recovered.  Low on SPY was exactly 87.0 The odds would suggest that this week’s SP500 HiLo range is likely to expand above Monday’s high or lower than Wednesday’s low […]

posted 9.13 a.m. est Pre-open Wednesday 8th July The break below Monday’s controlling price just below 890 early in Tuesday’s session indicated weakness and the direction for the rest of the day.  My numbers had suggested that Monday’s high was likely to have been tested on Tuesday (aggressive buying i.e. green at top, is tested […]