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Assessments / Blog 2017-07-27 ES #F Mixed signals The ES made another new high yesterday and then prices action weakened. There is selling pressure at the moment, but it did not do much as buying slowly continues. On the last bar there is some aggressive buying. The angle of the last up wave is the shallowest for quite some time and down wave volume is increasing. With all this mixed signals it looks like the market is waiting for some event/news to get direction. Sideways movement is likely until the Smart money make a move again. The areas to watch is 2479.75 to the upside and 2473 to the down side. A bar close below 2466.75 can still lead to the testing of the 2459.75 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. |