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Assessments / Blog 2018-09-10 ES #F Demand with up and down swings 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.
In our previous assessment we stated: “the possibility for a short term reversal to the upside is good today”. Price was very volatile with up and down swings, but it closed 5-points higher and all Daily signals turned bullish. Our near term outlook has turned Bullish, but with caution, as we still need to see a bar close above 2891.75 before we can be more certain that the near term trend has changed to the upside. A bar close below 2865.00 can still upset the picture. Daily Signals September the 10th: The Dashboard readings and signals, except for Volatility turned bullish Caution: Volatility is still at high levels and need to ease more for any sustainable move to the upside. As shown in our previous assessment, the month of September has also been historically the worst performer for the S&P 500. Affiliate:
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.
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