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Assessments / Blog 2017-03-15 ES #F Sideways After a quick move down of 17.25 points on volume of 983870 contracts in the last down wave, price recovered after net buying on the last Smart money down bar (clearly predicting the pullback/reversal), to trade back in the congestion zone area, with a close in this area. This down move equalled the previous down wave of 17.25 points but the previous down wave had a volume of 579180 contracts, thus the last down wave drew nearly double the volume with the same result, indicating tiring selling pressure. Today’s statement on interest rates by the Federal Reserve will give more direction to the markets. A break above 2371.50 can lead to new highs and a break below 2358 can lead to a larger sell off. RISK DISCLOSURE: The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading. 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.
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