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.


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