MC Trading

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 26^th:

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

Caution:

Volatility is still very high and more substantial up and down 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.

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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.