Assessments / Blog

ES #F No pullback as yet

The break out on the 11th has continued with no real pullback as yet. Price momentum is slowing, probably due to profit taking. We still believe a pullback is imminent due to the divergence on the Simplified Volume Oscillator. The 2485.25 to 2478.50 area is a logical area for a pullback to find resistance. The MTF tool has shown an exit (Orange triangle on top of chart) but no real weakness has developed as yet.

See results of our Strategy on the MTF Tool trading the EURO


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