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.

In our assessment on Friday we stated that the market does not appear as strong as our Supply and Demand readings and algorithm suggested, and that an anomaly exists (results less than the Buying efforts suggested it should be). We also pointed out that Supply and Demand Volatility has reached a very low level (climax) and that a reversal is a possibility and that we were near the Greed (overbought) level.

The ES lost 15.50-points on Friday to close at 2722.50, after a high of 2766.25 was reached, on a day of very Volatile price movements. Price closed below the midpoint of the bar to set up a possible Up thrust formation.

In the near term we anticipate another move lower with possible targets at 2567.25 and 2542.50, only if price stay below 2766.25 and we get a bar close below 2712.25.

Daily Signals November the 2^nd:   

S & D Dashboard Algorithm turned Bearish, except for Volatility and Daily Signals all turned Bearish

Volatility increased to 74% but is still in official Bullish territory

These readings are an independent assessment of the one and only measureable fundamental market mover: SUPPLY and DEMAND. It does not matter if price is influenced by a geopolitical event, seasonality, fundamental economic data releases or sentiment driven news, etc. It all reflects in Supply and Demand, the “footprints” of the “Big Boys” or “Smart Money”.

Caution:

Supply and Demand Volatility is still in Bullish territory and need to go above 100 before it turns to the Bearish side. Simplified Volume is still in Buying territory. Wild price swings are still 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.

 

GOLD, US DOLLAR, CANADIAN DOLLAR, MARKETS IN 2019

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GOLD SETS UP FOR A NOVEMBER 2018 RALLY TO NEAR $1300

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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, 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.