Assessments / Blog

ES #F Break downwards beyond 2459.50

As mentioned yesterday a break of 2459.50, accompanied with Selling pressure led to a down move of 44.75 points. In addition to the Selling pressure a clue for a down move was given by the Divergence on the Volume Simplified Oscillator and Volume Flow changing to the down side. Weakness in the Relative strength indicator and the Multi Time Frame alignment gave further confirmation signals for a nice down ward move. The down ward swing in progress drew less volume than the preceding down swing, signalling an ease in down ward movement. Currently there is signs of aggressive buying (Positive delta volume) so we can expect a pull back to the 2441.50 to 2450.75 levels. Our first down ward target is 2419.50 and the second 2406. Enjoy the weekend!


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.