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2017-12-12
ES #F Shortening of upward thrust


Volatility decreased a bit yesterday and was stable and as expected price made another new high.

The upward thrust of the upswings is shortening and volume declined. The current upswing in progress has drawn the highest volume since November the 7th. There is a downward divergence on the Simplified volume oscillator. If Volatility increase and Selling pressure develop, we should see a pullback from here. The 2651 to 2640.75 level should offer resistance if this scenario materialise. Follow through to the upside will probably lead to our target at 2679.

See results of our Strategy on the MTF Tool trading the EURO

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