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Assessments / 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. 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. |