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Assessments / Blog 2018-09-14 ES #F Demand with Buying pressure 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. As mentioned in our previous assessment, Volatility was lower with Buying pressure that was maintained Yesterday. The result was that the ES closed higher as expected Yesterday and gained 16.75- points. However, the Daily signals turned bearish Yesterday, with % Stocks above their VWAP falling below 50% to 47% and Daily Volatility up by 8%. This could mean that a pullback will be happening within the next few trading days, if Volatility keeps on rising Today and next week. We can still expect a new high today, followed by a pullback. Daily Signals September the 13th: All Dashboard readings were bullish, but Daily Signals turned Bearish Caution: Daily Volatility has risen Yesterday and the overall stock market traded lower, so a pullback can be expected within a few trading days if this does not improve. 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. 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 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. |