JOIN OUR MAILING LIST
Assessments / Blog
ES #F No Selling pressure
Yesterday no Selling pressure developed, but there was also no follow through to the upside and a shallow pullback occurred to a low of 2546.25. At the moment price action is sideways, with no clear directional indication of the next substantial price movement. The levels to watch is 2553.25 to the upside and 2544.50 to the down side. Any bar close above or below these levels should attract more Selling/Buying. Watch out for the Simplified Volume Oscillator to develop Selling pressure to confirm any possible pullback. We got a possible reversal signal on the longer time frame.
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.