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Assessments / Blog 2017-11-09 ES #F Buying pressure Yesterday’s Selling pressure was overcome and Buying pressure developed, leading to a new high as expected. The current upswing in progress moved only 14.75-points so far, the lowest of all the up waves since October the 19th. The upward thrust is shortening and IF price reverse from here with Selling pressure developing, the current up wave will scream No Demand which will lead to a pullback in the market. However, volatility dropped yesterday which set the stage for another move higher. Follow through in Buying pressure should push prices to another new high. If selling pressure develops and a bar closes below 2580.75 it can lead to more weakness. A close below 2563.50 will damage the near term uptrend. The Expected range today is 5.75 points. 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. |