Assessments / Blog

ES #F Buying on Pullback

The ES continuous contract made a pullback to 2462.75 (Smart money down bar). There is still some Selling pressure present, but the last bar has shown some aggressive buying (Positive delta). Follow through to the down side with a close below 2460.75 can spark some more selling. Watch out for buying pressure to develop which should drive prices higher. Our near term target remains at 2483.The current down swing in progress was preceded by a low volume up swing (353920 contracts), the lowest since March the 21st, and Volume Flow is currently to the down side, so be careful in your trading. A test of the 2459.75 area is possible.,


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.