Assessments / Blog

ES #F Demand with record breaking move

In our last assessment we cautioned: “Volatility went up, so wild price swings may continue. A move to the upside is a possibility”. After the worst Christmas Eve decline ever, a record breaking rally for one day occurred. The ES gained 126.25-points Yesterday, closing at 2468.00 after the low of the day came in at 2316.75.

Nearly all our phase 2 targets according to our proprietary swing system to the down side were reached. Our intermediate swing target to the downside at 2179.00 still remains.

We are still in Selling pressure territory, but selling pressure is easing. Supply/Demand sentiment is in the “Greed” zone and Supply / Demand Volatility is still in Bearish territory (above 100).

Resistance to the upside is identified at 2508.00, 2521.75, 2542.50 and 2583.00.

It is unlikely that the rally to the upside can be sustained (unless Buying pressure develops) and only a bar close above 2583.00 will threaten the near-term down trend in our view.

End of the day Signals December the 26th:

S & D Dashboard Algorithm is mixed and the Daily Signals all turned Bullish

% Stocks > VWAP is at 84%, the highest in a very long time, signalling a possible climax to the up side


Volatility is still very high and more substantial up and down swings is a possibility.


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Click here for example of reversal trade taken in Feeder Cattle that can be found on this page.


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