JOIN OUR MAILING LIST
Assessments / Blog
ES #F Strong buying emerged
The Comparative strength continued yesterday after the open, Volatility decreased and strong Buying pressure emerged and the 2577.75 level was taken out. In addition, we got a buy signal from the Multi Time Frame Alignment Tool (the first since November the 7th) and all weakness was erased in one day, with the highest Volume upswing since November the 7th.
The Buying pressure emerged after relief on the passage of the tax bill by the House, still to be approved by the Senate. Watch out for a pullback to the 2578 to 2573 area, but if price stays above 2563.50 we should see a new high.
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.