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Assessments / Blog 2017-03-24 ES #F Sideways again The current down wave in progress drew 653350 contracts and moved 16 points so far, the lowest for some time. A weakness is developing and selling pressure is also developing. The ES formed a congestion zone between 2338 and 2351.50. Watch out for a close above the 2358.25 area, which can lead to a larger up move. A close below 2338 should attract some more selling. Our down side targets remain 2332.25, 2314.75 and 2303.25. It is possible that trading can move sideways in the congestion zone for a while before reaching 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. |