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Assessments / Blog 2017-08-07 ES #F Breakout now follow through needed The 2474.50 level has been broken to the up side, but we would prefer a bar close above 2477.75 because of the Smart money up bar formed at the last swing high. 2469.25 is the line in the sand for the bulls. Volume Flow is to the down side at the moment, but Strength has developed. The Multi Time Frame Trigger has fired to the up side and he Spring formation mentioned on the 3rd is still valid, thus our money is still on a move higher from here. Watch out for a pull back from the current level. 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. |