posted 8.40a.m. est Pre-open Tuesday 30th June ES spent most of Monday’s session in a very tight range centred around 922.5   Volume was very low. 918.6 is the 1/2Range off the June high. This is First Level S/R for Tuesday. All comments from Monday are relevant.

posted 8.20a.m. est Pre-open Monday 29th June Last week I marked one instance of Significant Selling and three instances of Significant Buying.  Although last week saw the Buyers more active than the Sellers the Value Area for the week as a whole was overlapping/lower.  The previous week saw the Sellers more active than the Buyers […]

posted 9.29a.m. est Pre-open Friday 26th June Buyers were active on Thursday.  Responsive Buying was marked very early in the day just below Wednesday’s low and Aggressive Buying (green at top) later in the day.  The Value Area was higher and wider on increased volume.   This is Effective Buying in the dayframe and was a […]

posted 9.22a.m. est >>from pre-open comment Wednesday 24th June Following Monday’s Effective Selling activity, Ineffective Buying activity confirms that Sellers are in control of the dayframe. There may be a bounce here but I’m not interested in the long side now unless I mark Effective Buying activity above 907.5 and frankly I’m not expecting to […]

posted 9.20a.m. est Pre-open Wednesday 24th June As expected, Monday’s day session low at 887.75 was tested. Significant Buyers Responded (green at bottom).  There may be a bounce here but I’m not interested in the long side now unless I mark Effective Buying activity above 907.5 and frankly I’m not expecting to see that anytime […]

posted 9.26 a.m. est Pre-open Tuesday 23rd June Monday’s First Level S/R (907.5) was the high.  I wrote previously that any Significant Selling marked below this level would indicate lower prices to come and confirm the trend as down.  That’s what we saw yesterday and it was Effective Selling (lower, wider Value Area) so it […]

posted 9.20 a.m. Pre-open Monday 22nd June The Value Area over the week as a whole was the first lower Weekly VA since the March low. Last week I marked one instance of Significant Selling.  There was no Significant Buying to mark.  Wednesday through Friday looked like Sellers Resting, seeking a response from the Buyers.  […]

posted 9.30a.m. est  Pre-open Friday 19th June SPX just had four consecutive days of lower lows and lower highs and so a bounce was due.  A week that sees weakness early and strength late is not bearish structure.  Maybe bears will have to wait for that kind of weekly structure but you never know with […]

posted 4.40a.m. est from pre-open comment Wednesday 17th June >>In the longframe I’m confident that the trend has changed to down for the reasons given in the webcast this week including; 91day count March low to June high, excessive public bullishness, smart-money not bullish, charts breaking down etc. On Tuesday, Significant, Aggressive Sellers were active […]

posted 9.28a.m. est Pre-open Wednesday 17th June In the longframe I’m confident that the trend has changed to down for the reasons given in the webcast this week including; 91day count March low to June high, excessive public bullishness, smart-money not bullish, charts breaking down etc. On Tuesday, Significant, Aggressive Sellers were active (red at […]