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Assessments / Blog


2018-08-25
ES #F Demand and at the previous high


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.

 

The mini S&P 500 futures contract came within 1-point of the all-time high Yesterday, whilst the bigger brother S&P 500 Index made a new all-time high. The latest stocks record marks another milestone in a nine-year bull run that’s now the longest in history. The absorption story mentioned Yesterday proofed to be valid. This begs the question again which way the market will move next?

If strength continues our follow through targets come in at 2885.25 and 2910.00 to the upside. However, we are not convinced that follow through will occur on Monday, as the Simplified Volume Oscillator shows weakness with a divergence to the down side. Yesterday’s volume was also below average and the Supply and Demand Sentiment is approaching the “Greed” level.

Based on the above chances for a pullback on Monday is good. The 2869.75 level should offer support and if it penetrated the 2863.75 to 2861.00 level should offer further support. A close below this level can lead to a larger pullback.

Daily Signals August the 24th

All the Dashboard readings and signals are Bullish

Caution:

Good possibility that a pullback will occur on Monday.

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”.

Affiliate:

Stock & ETF Trading Signals

 

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.

 

STOCK MARKET SETTING UP FOR A BIGGER PULLBACK – PART I

Click on image below to read the full post

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.


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