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Assessments / Blog 2017-11-29 ES #F Strong move up After a little Selling pressure Yesterday, probably due to profit taking, Buying pressure developed and price moved 29.50-points to a new high of 2627 reaching our second target of 2617 set on the 22nd. Price is moving sideways at the moment with stable Volatility. The strong up move came after the Senate took a big step forward when the Budget Committee voted to pass the Republicans’ tax package. If Volatility increase, we can see a pullback to the 2615.25 to 2609.50 area. A close below 2594.25 will lead to weakness in the market. 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. |