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Assessments / Blog 2017-06-06 ES #F Pullback in progress As can be expected from low volume days, the ES continuous contract traded in a narrow range yesterday. It came close to the all-time high yesterday with a high of 2439 and the low at 2433.50. At the moment selling pressure and weakness is again developing with volume flow to the down side which confirms the pullback in progress. Our first pullback target is 2430, as the first target set yesterday of 2432.25 was reached one bar ago, with 2424.75 and 2416.50 the next projected targets. A bar close below 2411 should change the near term bullishness. Our upside longer term targets remain at 2545 and 2459. Join FB group "Trading For An Income" : 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. |