JOIN OUR MAILING LIST
Assessments / Blog


2017-05-24
ES #F Big up move in progress


The current up move in progress initially looked like a big pull back of the down move that ended on the 18th, but now it rather looks like a bullish change in behaviour, with a possibility of a new high to be made. The current up move of 55 points (on volume of 5.33 million contracts) is the highest up move since the up move that ended on March the 31st which moved 49 points (on volume of 6.85 million contracts).The weakness and selling pressure that is developing had little effect on price movement so far. A pull back to the 2389.25 to 2379.25 is possible.

Join the FB group "Trading For An Income" here: https://www.facebook.com/groups/1832814697041353/

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.

 


Back Back to top
Close