JOIN OUR MAILING LIST
Assessments / Blog
Low Delta volume up wave then down into a Smart money bar
The last up wave moved only 19 points, the lowest in the last 5 up waves and the 2348 level (warned about in last few analysis done), have not been taken out by a bar close above this level. A lot of Negative delta volume (aggressive selling) on the Delta volume oscillator is shown in the last up wave (a sign of weakness and possible reversal) which led to the sharp selloff of at least 10 points in the last down wave in progress with a Smart money down bar that formed. As warned in the last few analysis, a close below 2332.25 is needed (follow through to the down side) for some more weakness to develop. Selling pressure is developing but the 2332.25 level needs to be taken out. On the last bar Positive delta volume is developing (aggressive buying) and a pull back to around 2343 is possible. Watch out for bar closes above 2343 and below 2332.25 to guide future direction of prices.
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.