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Assessments / Blog 2017-04-13 Possible Spring developing As predicted yesterday the ES continuous contract traded down to test the 2336.75 area. In this current down wave, the last bar attracted positive Delta volume (a sign of aggressive buying), with the Volume Simplified Oscillator showing buying pressure developing. If no further follow through to the down side occurs, it will confirm the Spring formation and prices should move higher from here. A close above 2348 will stack the odds in favour of the bulls. Keep in mind that the external political factors can have a direct influence on the markets and a close below 2336.75 could spark a sell off. Down side targets are 2318 and 2301. 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. |