Assessments / Blog

ES #F Buying pressure

Buying pressure developed after a pullback to 2543.00 and another new high was made yesterday. Price is trading sideways at the moment, with Buying pressure subsiding. The 2553.25 level to the upside and 2543.00 level to the down side is very important and bar closes above or below these levels may be indicative of future price direction. On the Simplified Volume Oscillator there is another downward divergence and with any Selling pressure a deeper pullback can occur to 2538.50 and 2531.50.

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


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