Assessments / Blog

ES #F Trading range

In the current month the only close below 2332.25 was on April the 13th 2017 and also no closes above 2348.50 for the past few sessions, forming a trading range. There was an attempt yesterday to go lower, but prices did not follow through to close below 2332.25. Currently there is a very low volume up wave in progress so far, with negative Delta volume. Buying pressure is developing. If there is no follow through to the upside prices should reverse and the previous swing low at 2322.75 should be taken out. A close above 2348.50 should favour the bulls.


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