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Newsletter / Blog


2017-10-04
ES #F Another New High again


No significant selling pressure with no significant pull back as yet and another new high again. Selling/Buying pressure is more or less neutral at the moment and we will not see any significant pull back before significant Selling pressure develop on the Simplified Volume Oscillator. We got a reversal warning signal on the Volume Flow (Overbought condition with Selling pressure starting to develop). Another Divergence condition developed with a little bit of weakness developing. The anticipated pull back should be near, but we have to see a bar close below 2528.50 for a possible pull back to 2524.25, and a second target of 2517.25. A bar close below 2517.25 should bring in more weakness into the market.

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