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Assessments / Blog 2017-06-26 ES #F Narrow trading range Since the big down swing that ended on the 22nd, trading was in a narrow range. A bar close to the upside above 2442 can lead to more strength and to the down side the 2428 level is the line in the sand that can spark some more selling if we get a bar close below this level. The 2416.75 area should be tested with a second target at 2401.75, if price broke down out of the current trading range. At the moment there is strength coming into the market and if there is no follow through, weakness could develop again. Follow through to the up or down side is necessary to take price out of the trading range. 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. |