JOIN OUR MAILING LIST
Assessments / Blog


2017-07-13
ES #F Break to the upside


Yesterday the ES continuous contract broke our 2432.75 level to the upside we warned about yesterday. The big Smart money down bar on the 11th together with the aggressive buying (Positive Delta) on that bar, should have been a clue to the reversal up that occurred after this bar. At the moment buying is subsiding and we could see a pullback down to the 2428.75 area. In our newsletter on the 10th we warned about higher prices if the spring formation of the 2413.75 swing low held and that seems to be correct after price made a high of 2442.75 yesterday. The immediate upside target looks to be the 2452 area.

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.


Back Back to top
Close