MC Trading

The ES lost 7.75-points Yesterday, after failing to take out this week’s high (2686.50), with Supply emerging after the open. Volatility is increasing again and is nearing the Bearish territory (100 and above).

Simplified volume is still in Selling pressure territory. The last swing high was characterised by Negative Delta Volume on the up move, which is a bearish sign.

On the comparative strength/weakness analysis, the ES still shows weakness.

The daily chart (left above) of the $TRAN (Transportation Index) shows how it made a new low, whilst the ES did not make a new low? One could argue that the ES is the stronger one, but given the fact that the $TRAN is most of the time leading the market, the possibility is high that the ES will catch up to the down side. Our first target at 9692.50 was reached on the $TRAN with our final target coming in at 9338.03.

We expect at least one more move down on the ES to test the December 10^th low, before any substantial rally.

Daily Signals December the 13^th:

S & D Dashboard Algorithm is Bearish (except Volatility which is near bearish), but the Daily Signals are mixed

Caution:

We had an inside bar Yesterday and a break above that bar’s high could spark a sudden up move.

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.

Free Research Posts

Click on this link to read more....

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.