MC Trading

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 anticipated pullback materialised Yesterday into the support zone identified in our previous assessment (2918.00 to 2915.00). The low came in at 2917.75 (August high) and the ES closed down 7.25-points. The gap to the downside was almost filled.

Volatility has risen and Selling pressure developed. If Demand does not show up today, some more weakness will follow and the August high will be taken out.

Daily Signals September the 24^th:   

S & D Dashboard readings and Daily Signals are mixed but Volatility increased

Caution:

If Selling pressure continues more downside movement will follow. There was a fair amount of Supply towards the end of the trading session but price held above the August high, so a move higher today is also a possibility. Keep a close eye on the Supply and Demand readings today.

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.

GOLD AND MINERS ARE ABOUT TO EXPLODE UPWARD

CLICK ON THIS LINK OR CHART ABOVE TO LEAR MORE……

Source:

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.