Assessments / Blog

ES #F Big pullback

The ES came close to a bar close above 2385, with a big pull back of the previous down move. If there is further follow through to the up side the 2392.50 area could be tested. Selling pressure is developing and if it continues, price should move to the 2372.50 to 2369 area. Follow through to the down side can test 2362 and eventually 2345 again. The current up move have moved 43.50 points on volume of 3.48 million contracts so far, the highest since April the 26th which can either be a climatic move which means the end of the current up move, or a bullish change in behaviour. Follow through and Volume Flow with Selling or Buying pressure should give clues as to the direction of next market move. Join the FB group "Trading For An Income" here:


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.