JOIN OUR MAILING LIST |
Assessments / Blog 2017-04-14 ES #F Weakness with no spring The possible spring did not develop yesterday and as stipulated yesterday a broke of 2336.75 could spark more weakness. Prices are trading at the bottom of the regression channel, with some aggressive buying (Positive delta volume) on the current bar. If buying pressure develop n pull back to the 2341 to 2351 area is possible. The Relative Strength indicator still show some solid weakness, with the Multi Time Frame Trigger still firing down with volatility. Wave volume in this last down wave is the highest for a long time and it very well may be a bearish change in behaviour. Our swing trading targets to the down side are still 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. |