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ES #F Shallow up wave angle

We got our second Reversal/Pullback signal since October the 6th, with the current up wave grinding higher with a very shallow up wave line angle and the first Selling pressure emerging since October the 11th. Another downward divergence formed, but Buying/Selling pressure is more or less neutral at the moment. A pullback can test the 2552.25 area, and a bar close below 2547 should spark more weakness in the market. Watch out for follow through on the Simplified volume oscillator to the down side for more weakness OR positive Buying pressure developing again for continuation of the up wave.

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


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