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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 // 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.


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