JOIN OUR MAILING LIST
Assessments / Blog


2017-05-26
ES #F Another new high and sideways


Price on the ES continuous contract is moving sideways at the moment after another new high. Selling pressure is beginning to develop and weakness is also developing. For the first time in this current up wave Volume Flow is turning down. With follow through in Selling pressure the expected pull back is due and the logical area for a pull back to test is between 2403.50 and 2387. The first Elliott wave target to the up side is 2440, with the top of the regression line at 2423. The downward Divergence on the Volume Simplified Oscillator is still clearly visible.

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