Assessments / Blog

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


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”.


Stock & ETF Trading Signals


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



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