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Assessments / Blog 2017-09-26 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 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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