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Assessments / Blog


2018-06-27
ES #F Decent Demand no result


The daily chart above shows our SUPPLY and DEMAND Dashboard and BXB (Bar by Bar) Signals using data from the NYSE.

Data is updated in real time during the regular trading session of the NY Stock exchange and does NOT take into account any price indicators or mathematical formulas using price. We do however show the cumulative price change for the trading session and in some instances assess price movement’s relationship to Supply and Demand.

It is therefore fair to say that the readings and signals are independent from other popular price indicators and others shown on the chart. The readings are an independent assessment of the one and only measureable fundamental market mover: SUPPLY and DEMAND. It does not matter if price is influenced by a geopolitical event, seasonality, fundamental economic data releases or sentiment driven news, etc. It all reflects in Supply and Demand, the “footprints” of the “Big Boys” or “Smart Money”.

Click here for example of reversal trade taken in Feeder Cattle that can be found on this page.

As mentioned in our previous assessment we expected an up day Yesterday, which occurred but the result was only a 2-point move to the upside on a decent Demand reading.

The ES made a high at 2735.25 Yesterday and closed at 2724.25, after trading at a low of 2714.75 on decent Demand. At the time of this writing the ES is trading at 2728.25, 4-points above Yesterday’s close.

Buying pressure had developed with a decent Demand reading, but the result was not great for the Demand reading of 4.0. The high of the rebound came in at 2735.25, one tick from the 2735.75 level we expected.

NYSE Daily Signals June the 26th    

Dashboard:

The Supply and Demand Reading (1st row) came in at 4.0 with Demand dominating the trading session.

Supply and Demand Direction (3nd row) was to the upside (lime up triangle), indicating upwards direction, with substantial strength.

Average Supply and Demand Volatility (4th row) was at 100% which is neutral. The change in average Volatility from the previous day was positive 57% (Up) as shown on the right of Sup/Dem Dashboard.

BXB Signals:

We had a buy signal on the signals board (1st row).

Daily Volatility direction (2nd row) was Up (blue up triangle). The change in daily Volatility from the previous day was positive 282% (Up) shown on the right of BXB Dashboard.

The overall NY Stock market traded Higher for the day (blue up triangle in 3rd row).

55% of stocks (4th row) traded above there VWAP (Volume Weighted Average Price) compared to the previous day’s 46%, a positive sign for the markets.

We had the expected rebound Yesterday but had a poor close for the day ending only 2-points in the green. If we do not rally further away from the danger point (2700.50) today, more weakness can follow.

Caution:

Solid demand is needed to get the Bulls on track again and the first step will be a close above 2758. A close below 2700.50 will lead to more weakness and the next substantial level of resistance below should be in the 2675 area.

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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.

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