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Assessments / Blog 2017-09-20 ES #F Low Volatility After the new all-time high the ES continuous contract moved sideways and especially the last 4 bars was characterized by very low volatility, measured by our Volatility Thermometer (yellow bars at bottom of chart). A bar close above 2506 or below 2496.50 should give a clue as to the next big move. There has been a number of narrow range Smart money up bars since the 12th and the question still remains if this price action resembles absorption by the Smart money in anticipation for the next move up, or is Smart money selling (distributing) big into all the buying? Selling pressure has to develop before any substantial move down will happen. There is also a Divergence on the Simplified Volume Oscillator measuring Buying/Selling pressure and the upward thrust is shortening. A bar close below 2496.50 could lead to a pullback at the 2487 level. 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. |