posted 9.08 a.m. est Pre-open Wednesday 19th August I marked Significant Buyers on Tuesday. The Value Area was higher and wider but volume was lower than the previous two down days. Only 1 in 5 days that follow a day of Significant Buying fail to test that day’s high.  But that may well be the […]

posted 9.27 a.m. est Pre-open Tuesday 18th August Monday’s Value Area was lower but narrower (so was Friday’s) and the most recent imbalance was Buying (green). Based on this and the fact that I have not yet marked Effective Selling (since July low) I must assume that the Buyers are still in control and will […]

posted 6.45 a.m. est Pre-open Monday 17th August I have marked no Effective Selling since the July low.  The only day since the July low that Significant Sellers were marked was on the 6th August but their activity was not Effective (see above).  Last week I marked two instances of Significant Buying and no Significant […]

If anyone has any doubts about how tough trading is take a look at this 30minute chart of the SP500 emini over the last four days. Test or breakout?

posted 9.29 a.m. est Pre-open Friday 7th August Slightly higher prices did bring a response from the Significant Sellers (red at top).  That’s the first time I’ve had to mark their activity for twenty one days. As yet this is not Effective Selling, Thursday’s Value Area was overlapping/lower and narrower and generated less volume.  Until […]

posted midday pre-open comment today>>ES didn’t quite test Tuesday’s day session high (1005) although it will very likely today.  It is rare to see Aggressive Buying (green at top) marking the top of a significant move. ES did sell off early in the day testing Tuesday’s low which is rare following a day when Responsive […]

posted 9.30 a.m. est Pre-open Thursday 6th August ES didn’t quite test Tuesday’s day session high (1005) although it will very likely today.  It is rare to see Aggressive Buying (green at top) marking the top of a significant move.  ES did sell off early in the day testing Tuesday’s low which is rare following […]

posted 9.29 a.m. Pre-open Wednesday 5th August As the stats suggested Monday’s high was tested.  We have the same expectation for today (Wednesday) because Significant Buyers were marked twice on Tuesday. Intraday oscillators are showing some negative divergence with the price action so maybe ES will set back after an early test of Tuesday’s high […]

posted 5.50 a.m. est Pre-open Tuesday 8th August Monday’s Value Area was higher, wider on reduced volume.  I marked aggressive Buying (green at top).  This normally indicates higher in the short term, i.e. 80% of the time the following day will test the high.  The day session low on Monday was 988.75.  The day following […]

posted 9.16 a.m. Pre-open Monday 3rd August Although the market is overbought by most measures (e.g. 85% of stocks in my Nyse list are above their 50day ma) it hasn’t auctioned high enough to attract a response from the Significant Sellers. We’ve seen eighteen days now without Significant Selling.  First Level S/R moves to ES […]