Assessments / Blog

ES #F No Christmas present from Fed and Supply stepped in

Early expectations of an early Christmas present by the Fed resulted in a bounce to the upside and the ES traded to a high of 2592.00, but it was short lived. Interest rates were raised and resulted in a 34.75-point loss on heavy Supply entering the market. As expected when the year’s low was taken out, the ES traded into the 2400.00 levels with the low coming in at 2489.50.

 According to our proprietary swing system, the last swing trade target of 2475.00, identified over a month ago (see link:, was not reached as yet. Our new targets according to our swing system to the down side are: 2475.00, 2431.00, 2391.00 and finally 2364.00. These are longer term targets for swing trading, if Supply continues to dominate.

We are still in Selling pressure territory, with the ES still at very weak levels according to our comparative strength analysis.

The “Bag holding” idea did not play out, but there was a lot of Demand before the year’s low was taken out and the ES rallied to a high of 2592.00, 54-points above the close of the previous day before Supply entered the market on the Fed’s decision to raise interest rates.

At the time of this writing the ES has broken support at 2489.50 and is trading at 2485.25.

End of the day Signals December the 19th:   

S & D Dashboard Algorithm is Bearish but the Daily Signals turned Bearish


Volatility went up, so wild price swings is 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.

Free Research Posts

Click on this link to read more....



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.