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Assessments / Blog 2018-09-28 ES #F Demand but subsiding later in session 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 gained 8.50-points Yesterday after a lot of Demand initially, which subsided later in the trading session. The magnitude of the initial Demand Yesterday and initial rally reduces the possibility of a larger sell-off. Yesterday’s price range was within the range of the day before (inside bar) and the high and low at 2932.00 and 2907.50 will be important levels to watch. A breakout above or below these levels will probably give a clue of the direction of the next move. Daily Signals September the 27th: S & D Dashboard readings and Daily Signals turned bullish, except for average Volatility Caution: Watch the 2932.00 or 2907.50 levels to be broken up or down. Average Volatility is still high and we are still in Selling pressure territory. 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.
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