Assessments / Blog

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


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