Assessments / Blog

ES #F Supply on low volume holiday 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.


Strong Supply was evident in Fridays shortened holiday session on low volume. The ES lost 19.50-points. Last month’s low at 2603 should be tested and maybe taken out.

As stated in previous assessments our down side targets / support were identified at 2657.00 (already taken out), 2625.00, 2567.00, 2542.50 and 2475.00. The ES is still looking weak on the comparative strength analysis chart and the 2603.00 to 2595.00 area should offer resistance in the near term, if enough demand emerge at these levels. A rebound Monday is also possible as the ES came within 1-point of the 2625.00 target on Friday and is near the “Fear” (oversold) level, which can offer support. This is a decision point which must be watched carefully.

In our view only a close above 2762.50 accompanied by strong demand, will threaten the near term down trend. If a strong “Bear market rally” occurs, it should find resistance at 2748.75.

The above levels are our major decision points identified and it is possible that some of these levels can come into play in the near term. Careful assessment of Supply and Demand at or near these levels should give a possible roadmap in conjunction with other factors and signals, to make more informed trading decisions.

Daily Signals November the 23rd:

S & D Dashboard Algorithm turned Bearish, and Daily Signals are mixed

% > VWAP improved on Friday


A rally is possible Monday, but without strong demand it will not last. If the 2625.00 level holds a pullback to the upside should materialise.


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.



As we continue to explore our custom research into the metals markets and our presumption that the metals markets are poised for a massive price rally over the next few months/years, we pick up this second part of our multi-part article illustrating our research work and conclusions.  If you missed the first part of this article, please take a minute to review it by before continuing further (Link to Part I).

Click on this link or chart above to read more....


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