JOIN OUR MAILING LIST
Assessments / Blog
ES #F Mixed and sideways
As stipulated on Friday selling pressure and close below 2339.25 was needed for more weakness to follow and selling pressure did not develop any further on Friday and prices reversed. A close above the Smart money bar at 2360.75 could lead to higher prices and a close below 2350.25 could spark some more selling pressure. At the moment prices are moving sideways with mixed signals. A little bit of selling pressure is developing with the Multi Time Frame Trigger still firing to the up side. A break of the levels mentioned should lead to a movement up or down.
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.
|Back||Back to top|