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Assessments / Blog 2017-09-11 ES #F Break out upwards? Currently price is trading at 2472 and it looks like we will have a bar close above 2471. The $VIX is just above the 12 level and we have Buying pressure developing. It looks like the September 1st high will be tested. Watch out for the Divergence downwards on the Volume Simplified Oscillator, if the Divergence continues we could see a quick turnaround in price. A $VIX below 12 with follow through in Buying pressure will probably lead to a new high. The continued Positive delta volume (Aggressive buying) on the last 6 bars of the last down swing gave warning to a possible turnaround in price movement. 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. |