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Assessments / Blog 2017-12-28 ES #F Supply Hope everyone had a blessed festive season! Volume during the holiday period has subsided, but it seems that some supply is entering the market. The last up wave had Negative delta volume (selling) with Volume flow pointing to the down side and has a very shallow upward angle. The Multi Time Frame tool has fired down, with some Selling pressure and Volatility is increasing, with lower highs coming in. All signs of Supply entering the market. If a bar close below 2679, with sustained selling pressure we could see the 2651.75 level being tested. With continued supply, we should see this target early in the new year (around the 2nd of January 2018). A close below 2651.75 could see longer term support at 2605.00. Keep a close watch on wave volume on the Wyckoff wave tool and Selling/Buying pressure to confirm your trades. 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 Cryptocurrency, 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. |