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Assessments / Blog 2017-08-25 ES #F Neutral Volume Flow As mentioned on the 23rd and 24th sideways price action may occur and it is exactly what is happening at the moment. Buying/Selling pressure is more or less neutral (slightly down oscillation (brown line) just above the zero line) on the Simplified Volume Oscillator. A little bit of weakness is present and we have a Smart money up bar at the last swing high which is also a Doji/Spinning top. Unless a news driven event occur we expect prices to move down after the sideways price action is completed. A break of 2435.00 should lead to more weakness. Be careful for bar closes above 2450.50 if you have bearish ideas. Enjoy the weekend! 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. |