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Assessments / Blog


2018-07-31
ES #F Demand on decline


The daily chart of the S&P 500 mini futures contract above, shows our proprietary SUPPLY and DEMAND Dashboard and BXB (Bar by Bar) Signals using data from the NYSE.

 

Signals are mixed and we had a little Demand on the decline Yesterday. Short term Volatility is bullish, whilst longer term Volatility moved into the bearish territory. Supply or Demand indications will be extremely important during today’s trading session.

NYSE Daily Signals July the 30th    

Dashboard:

The Supply and Demand Reading (1st row) came in at 0.8 with Demand dominating the trading session by a whisker.

Supply and Demand Direction (3nd row) was to the upside (blue up triangle), indicating upwards direction, with no substantial strength.

Average Supply and Demand Volatility (4th row) was at 101% which is bearish. The change in average Volatility from the previous day was negative 6% (Down) as shown on the right of Sup/Dem Dashboard.

BXB Signals:

We had no 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 83% (Up) shown on the right of BXB Dashboard.

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

40% of stocks (4th row) traded above there VWAP (Volume Weighted Average Price) compared to the previous day’s 35%, a positive sign for the markets.

Caution:

A break of the 2796.25 level could lead to a deeper sell off, if Demand does not show up Today. If the 2789.25 level holds and Demand shows up, we should see a continuation of the near term uptrend, otherwise a deeper sell off can occur.

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”.

Link to Facebook Group where these assessments are also posted regularly.

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

 

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.

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