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Assessments / Blog 2017-06-30 ES #F Volatility galore After an up move of 31.25 points to 2445, the ES suddenly came down to 2402.25 a down move of 42.75 points (or a $2137.50 move). It came within 2 ticks of our target of 2401.75 calculated according to our proprietary reversal pattern and identified on 20 June 2017 //www.mctrading.cc/wnewsdisp.php?subject=es-f-pullback-as-expected&id=23203. The ES has traded within the range of the big Smart money down bar that ended the down swing, since yesterday and the current upswing in progress show aggressive selling (Negative Delta). Selling pressure is still present, but the weakness has cooled down. A bar close below 2404 could lead to the 2394.75 level. A close above 2445 should reverse the current weakness. Sideways price action for a while is most likely at the moment. 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. |