JOIN OUR MAILING LIST
Newsletter / Blog
ES #F Bearish change in behavior?
The ES accelerated unexpectedly half way in the previous down move with heavy selling. This caused the previous down move to drawn the highest volume since 11 January 2017. The previous up move also represented the heaviest volume since 4 January 2017 and now looks like a climax up move. The current up move in progress has drawn negative (net selling) delta volume. If there is follow through to the down side this will resemble a bearish change in behavior. The Multi trigger is still bearish and long term price action has turned down. A break below 2251.75 will turn all odds in favor of the bears and a larger sell off is possible, especially when the $VIX go over 12 points and continue it’s up move.
|Back||Back to top|