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Assessments / Blog 2017-10-19 ES #F Pullback/reversal signal At the time of our report yesterday the up wave had a shallow angle, there was yet another Divergence down and a Reversal/pullback signal occurred. Price moved to yet another new al-time high later and traded around the high for most of the session and close Yesterday, forming a triple top. We had another Reversal/pullback signal on the current bar and a plus minus 14 point pull back so far. A bar close below 2547 can lead to more weakness. The 2540 and 2529.50 areas are key resistance zones. Watch also for the Simplified volume oscillator to develop weakness, as no substantial Selling pressure had developed so far and the sudden down move maybe attributable to Profit taking and/or news event. See results of our Strategy on the MTF Tool trading the EURO 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.
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