JOIN OUR MAILING LIST
Assessments / Blog


2018-08-09
ES #F First Supply since the 1st


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. The ES made upward progress for most of the session Yesterday, but Supply became stronger at the end of the trading day and price closed down 4.50-points. We had 2 Kamikaze bars the last 2 days, indicating low volume and crown activity. A divergence to the down side on the Simplified Volume Oscillator occurred and Demand needs to show up today, otherwise a pullback will occur.

NYSE Daily Signals August the 8th    

Dashboard:

The Supply and Demand Reading (1st row) came in at -2.7 with Supply dominating the trading at the end.

Supply and Demand Direction (3nd row) was to the downside (maroon down triangle), indicating downward direction, with no substantial strength.

Average Supply and Demand Volatility (4th row) was at 95% which is neutral to bullish. The change in average Volatility from the previous day was negative 25% (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 Down (maroon down triangle). The change in daily Volatility from the previous day was negative 41% (Down) shown on the right of BXB Dashboard.

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

52% of stocks (4th row) traded above there VWAP (Volume Weighted Average Price) compared to the previous day’s 44%, a positive sign for the markets.

Caution:

A pullback to the 2838.00 level is a possibility and a break of this level could lead to a deeper sell off, if Demand does not show up Today. If the 2791 level does not hold, the bulls will be in trouble.

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.

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.


Back Back to top
Close