JOIN OUR MAILING LIST |
Assessments / Blog 2017-04-26 ES #F Company earnings reports drove prices higher The selling pressure that developed yesterday was short lived and did not have an effect on rising prices and prices continued its upward move, mainly because of company earnings reports published (Caterpillar, McDonalds, DuPont). A new high is in sight without significant weakness at the moment. Selling pressure is developing with a slight divergence to the down side on the Volume Simplified Oscillator and a Smart money up bar at the present high. Also price moved 32.50 points in the current up wave on volume of 2.70 million contracts so far, whilst it took only 581660 contracts to move 32.25 points on the previous up wave, signalling that the current up move is tiring for now. Thus a pullback is possible to the 2370.25 to 2359.50 area. 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. |