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Assessments / Blog


2019-01-16
ES #F Demand but Transportation closed lower


Demand for most of the session and ES gained 25.25-points Yesterday. Supply and Demand Dashboards are in Bullish mode, however the Transportation index closed lower Yesterday and a Divergence to the down side in Buying pressure exists, with Volume decreasing. The angle of the current upswing also looks as if it is finding it difficult to make progress?

Resistance to the upside is identified at 2625.00 and 2676.00.

A pullback is possible Today. Should the market trade downwards, it is difficult to say how deep the down move might go? Our support zones are at 2546.00, 2529.00, 2487.50, 2456.00 and 2431.00

End of the day Signals January the 15th:

S & D Dashboard Algorithm Bullish, and the Daily Signals turned Bullish

These readings are an independent assessment of the one and only measureable fundamental market mover: SUPPLY and DEMAND. It does not matter if price is influenced by a geopolitical event, seasonality, fundamental economic data releases or sentiment driven news, etc. It all reflects in Supply and Demand, the “footprints” of the “Big Boys” or “Smart Money”.

Caution:

If Volatility increases and Supply shows up a move down is possible Today.

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