JOIN OUR MAILING LIST
Newsletter / Blog
ES #F Range bound with no follow through
As expected yesterday the ES continuous contract did go higher to 2390.75 and this high bar closed at 2387.75, but there was no follow through and the following bar made a low of 2376 and closed at 2382.75. Since this Smart money down bar, prices are moving in a narrow range between 2387.50 and 2379. Signals are mixed at the moment: Volume Flow and Price action is to the down side, with Buying pressure developing and Positive delta volume on the Smart money bar at the bottom. A break of 2376.75 to the down side or 2390.75 to the upside should give direction for future prices. Our longer term target is still at 2403.
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.
|Back||Back to top|