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Assessments / Blog 2017-07-11 ES #F Pullback and Sideways As expected a pullback to 2419.25 occurred yesterday, before price continued upwards again. The price action after the expected pullback did not took out the 2432.25 level and mainly went sideways after the pullback. In the last couple of hours, it looks like a lot of buying took place, without a great result (upward price movement). The Delta volume (aggressive buying) was the highest since May the 25th. If there is no follow through today and we get a bar close below 2411.75, we may see the 2390 area being tested. A bar close above 2432.25 could favour the bulls and attract some more buying. 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. |