Assessments / Blog

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


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