JOIN OUR MAILING LIST
Assessments / Blog


2017-10-02
ES #F New High again


As anticipated on the 28th another new all-time high was reached. Overall the chart still looks bullish, but a pullback can be expected as we have a Divergence on the Simplified Volume Oscillator with 2 Smart money up bars near the high. A pull back to around the 2510 area is possible. A bar close below 2506 can spark some weakness.

On the longer term (702-minute chart) price is overbought with an exhaustion volume signal, with an Elliott wave 5 signalled and we also got Divergence to the down side.

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.


Back Back to top
Close