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Assessments / Blog 2017-11-22 ES #F New territory Yesterday the 2588.25 level was broken to the upside and our first target of 2596.25 was reached with ease, trading in new territory with an all-time high of 2600.50. Price is drifting sideways at the moment and a break of the high can lead to an up move to 2617. However, be cautious as the Simplified volume oscillator shows a divergence to the down side and if Selling pressure develops we could see a pullback. The line in the sand for the Bulls is at 2567.75 and a bar close below this level will change the near term uptrend. 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. |