JOIN OUR MAILING LIST
Assessments / Blog
ES #F Demand winning the battle
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 made a recovery and closed higher by 46.25-points Yesterday, as expected. Volatility is still very high but at the time of this writing, selling pressure is still easing. We could see higher prices for another day or two.
Resistance to the up side should come in at 2712.25, 2723.75 and 2750.25.
Daily Signals October the 30th:
S & D Dashboard Algorithm turned Bullish except for Volatility and Daily Signals are all Bullish. Volatility eased, but is still in Bearish territory
The Supply and Demand Sentiment Tool is at the Greed level. Volatility is still high and wild price swings is still a possibility.
US ELECTIONS MAY TRIGGER MAJOR MARKET BOTTOM – PART II
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, Crypto 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.