Assessments / Blog

ES #F It did not hold?

The 2492.75 level did not hold and also the 2487 level to the down side was broken. On the last down swing a big range Smart money down bar was formed with a low of 2485, but no bar closes below these levels occurred and price made a rebound to the middle of the big range Smart money bar. At the moment price action is sideways. A bar close above 2501.75 or below 2491.25 with Buying or Selling pressure will be needed to get follow through up or down. The Delta Volume on the previous down swing was the highest since August the 25th. The next big move up or down will be decisive for future price direction in our view.

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


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