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Newsletter / 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

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