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Assessments / Blog 2017-03-23 ES #F Up wave tiring The current up wave in progress drew 1.72 million contracts and moved 17.25 points so far, compared to a similar volume wave on 16 March 2017 (wave before previous up wave) which drew 1.78 million contracts, BUT moved 34 points. Thus it looks like current up move is finding it difficult to progress. Selling pressure is also developing. We do not expect the current up wave to go beyond the 2358.25 area. Our down side targets is 2332.25, 2314.75 and 2303.25. It is possible that trading can take several days to weeks to reach these targets. 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. |