JOIN OUR MAILING LIST
Assessments / Blog
ES #F Mixed signs
ES did make a pullback as expected yesterday to 2319.75. Not quite as far as we expected, before continuing its upward path. Still looks bullish overall, but some selling (could be profit taking) at the top with a big Smart money bar at the top, which could be a sign of some selling pressure to come. The volume oscillator shows signs of selling pressure with a divergence to the down side. Multi Time Frame Trigger is neutral. The volume POC is at 2324.25 and the VWAP at 2328.25. More clarity (signs) as to the future direction is needed.
Trading Forex, Stocks and Options, Futures and any Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.