JOIN OUR MAILING LIST
Assessments / Blog


2017-02-22
ES #F Shortening of the thrust


There was follow through to the up side yesterday, with the ES making another new high. There is no significant signs of major selling at the moment, only moderate selling pressure. The upward thrust is shortening and a pull back to the 2352 to 2336.50 area is possible. Watch out for the Strength weakening and the Volume Oscillator going negative, otherwise some sideways price action can occur for a while.

RISK DISCLOSURE:

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.


Back Back to top
Close