JOIN OUR MAILING LIST |
Assessments / Blog 2017-09-07 ES #F Sideways action possible The ES continuous contract ended higher yesterday but failed to take out the important high value node at 2471.25. It is trading sideways and this sideways movement may continue for a while. Buying pressure is subsiding at the moment. The 2471.25 level to the upside and the 2445.50 level to the down side should be watched carefully to see what the next substantial move will be. Bar closes above or below these levels with Buying/Selling pressure should lead to bigger movements. We have no confirmation as yet of our 2401.75 target calculated with our proprietary reversal pattern, but the pattern is still valid and may play out on Friday or Monday. See results of our Strategy on the MTF Tool trading the EURO 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. |