Assessments / Blog

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!


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