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Assessments / Blog


2018-09-20
ES #F A lot of Demand with little progress


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 ES closed higher by only 3.25-points on a lot of Demand Yesterday and price made a new high of 2918.75, 1-point above the previous high. Signals on the Dashboards are mixed. The daily signals are bearish, whilst the S & D readings are bullish. Another Smart Money Up bar appeared at the high. The overall picture is less bullish in our view, but we are still in Buying pressure territory and average Volatility is lower, but daily Volatility increased.

The above may lead to a pullback today.

Daily Signals September the 19th:

S & D Dashboard readings are Bullish but Daily Signals are Bearish

Caution:

Although Buying pressure developed, it is weakening and if Volatility increases, a pullback is a possibility.

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.


ARE GOLD AND SILVER GOING TO FOLLOW A REBOUND IN ASIAN STOCKS?

Click on this link to learn more!

Source:

Stock & ETF Trading Signals

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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.

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