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Assessments / Blog 2017-03-16 ES #F Bullish reversal as expected As stated yesterday the pullback/reversal was anticipated by the net buying (Delta volume) and the increasing down wave volume with no greater move/result than the previous down wave and the big Smart money bar at the bottom of the last completed down wave. The ES continuous contract rose sharply after the Fed’s decision on interest rate was as expected by the market. There was numerous solid signs to go long yesterday: 1. the strength on the Relative strength indicator, 2. Multi time frame Trigger fired to the upside, 3. Buying pressure was developing on the Volume simplified oscillator and the Price action indicator was in synchronisation. Our first targets to the upside is 2412 and 2419 for the current projected Elliott wave 5. A close below 2362 can change the current bullish trend. 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. |