posted 9.15 a.m. est Pre-open Friday 4th December On Thursday I marked Responsive Selling (red-at-top) above 1115 for the second time this week and also Aggressive Selling (red-at-bottom). Thursday’s Value Area was overlapping Wednesday’s so this is not yet Effective Selling. Better than expected figures released pre-open have sent ES back above the 1108 poc […]

posted 9.28 a.m. est Pre-open Thursday 3rd December A new high on Wednesday for ES met with Responsive Selling (red-at-top) and we’re into the 273/182dy time pivot discussed in the webcast (a potential turning point in time).  The recent poc emerging over this range is 1108 and this was re-enforced yesterday.  Again, obvious rejection of […]

posted 9.28 a.m. Pre-open Tuesday 1st December You can see more than one day-session gap over recent days in this erratic market.  You’ll also notice they have been filled so maybe yesterday’s will too. Either way I’m not considering short side (see Tuesday’s comments) until I mark Significant Sellers.  My Rydex indicators tell me the […]

webcast – charts to 27th November https://www.chartprofit.com/video/cp__112709_2.html released for subscribers earlier in the week

posted 9.08 a.m. est Pre-open Tuesday 1st December 1106.5 = First Level Resistance.  (10day poc) 1088.5 = First Level Support. (major poc) With Buying (green) as the last imbalance I cannot consider the short side.  ISEE (equity only) index had the lowest reading for four months at 135 and the Rydex Asset ratio (my version) […]

posted 9.26 a.m. est Pre-open Monday 30th November After the news related sell-off on Friday ES held above support to keep the longframe uptrend intact (see Friday comments bottom left). 1088.50 has emerged as the poc for the last 60 days or more.  From the overnight low (early Friday) of 1067 ES rallied back as […]

posted 9.28 a.m. Pre-open Friday 27th November Over last nine trading days I only marked Significant Activity once signifying a lack of directional conviction. The public got very bullish earlier this week.  The Rydex timers and the option buyers were very skewed to the long side.  The SPY and NYA charts recently reached significant overhead […]

posted 4.40 a.m. est Pre-open Wednesday 25th November Tuesday a.m. high was 1105.5 right off the open.  I suggested yesterday that if there was an early rejection from 1106 we could see ES close the gap and return to the 1089 poc but this didn’t happen as Responsive Buyers (green-at-bottom) stepped in at 1095 and […]

posted 9.29 a.m. est Pre-open Tuesday 24th November Another Monday gap higher.  The Value Area was higher and taller and generated more volume for the day but less than the 10dyma of volume. No Significant Buying or Selling marked for seven days now.  Pre-open ES is consistently printing 1106 which, if it continues, could lift […]

posted 9.25 a.m. est Pre-open Monday 23rd November Unusually I marked no Significant Buying or Selling last week.  This lack of directional influence is seen in the internals as well with the Breadth system for the major market charts showing neutral.  The Rydex timers seemed to be quite upbeat about the gap down from Thursday […]