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Assessments / Blog


2018-11-16
ES #F Demand again


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 shook off some bearishness Yesterday by closing 35.50-points higher at 2734.00. The low came in at 2671.25. Demand dominated for the first time in six sessions. A close above 2762.50 will threaten the near term down trend.

The Simplified Volume Oscillator is still in Selling pressure territory and we do not expect any substantial move higher today, unless we move into Buying pressure territory.

Daily Signals November the 13th:   

S & D Dashboard Algorithm and Daily Signals all turned Bullish

The % > VWAP shot up to 69% and coming from 33% it can be considered an extreme

Caution:

Selling pressure is still present. A close above 2762.50 could break the near term down trend. If Buying pressure develops, more upside movement can be expected.

 

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.

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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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