JOIN OUR MAILING LIST
Assessments / Blog
ES #F Supply with Volatility increasing
In our previous assessment we mentioned that Volatility is still rising and warned about the Divergence to the down side on the 3-Day chart and also stated “There is an unfilled Gap to the downside and a possibility that the 2894.00 to 2889.00 levels may be tested”.
The above mentioned conditions played out Yesterday. The ES (Dec contract) traded to a low of 2892.25 Yesterday and closed at 2896.00 as Volatility increased and Supply stepped in. At the time of this writing the ES was trading at 2887.75 and he Gap to the down side left open on the 13th, was closed at the time of this writing.
We expect Support at 2883.50 to 2880.00, but Selling pressure developed and Average Volatility increased with 21%, leaving the market vulnerable to more weakness.
Daily Signals September the 17th:
All Dashboard readings and Daily Signals turned Bearish
We do not expect a material move upwards until Buying pressure develop and Volatility decreases. More weakness is a possibility.
FALLING STOCK PRICES DURING US ELECTIONS?
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.