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Assessments / Blog
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.
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