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Assessments / Blog 2017-09-14 ES #F No substantial pullback Yesterday volume was fairly high with little price movement up or down. This can either mean that selling is absorbed by the buyers in anticipation for the next move up, or that Smart money is selling big into all the buying. The 2 Smart money up bars with relative narrow ranges at the last swing high, looks a lot like distribution (supply) into all the buying as price has not moved a lot on a fair amount of volume. Follow through in any direction will confirm with more certainty in which direction the market will move next. The 2495.50 level to the up side and 2485 to the down side will be the first key area to give a clue as to the direction of the next move. 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.
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