MC Trading

The daily chart of the S&P 500 mini futures contract above shows our proprietary SUPPLY and DEMAND Dashboard and BXB (Bar by Bar) Signals using data from the NYSE.

Supply was evident in the beginning of the trading session Yesterday, but it was short lived and Demand took over. The ES gained 22.00-points after trading at a low of 2596.50 Yesterday to close at 2635.25. Supply and Demand Algorithm is Bullish, and the daily signals turned Bullish Yesterday. A Divergence to the down side in Buying pressure still exists.

Resistance at 2625.00 was broken Yesterday and a move higher to the 2655.00 to 2676.00 is possible.

The expected pullback Yesterday was short lived and another move higher is likely Today. Should the market trade downwards, support zones are at 2546.00, 2529.00, 2487.50, 2456.00 and 2431.00.

End of the day Signals January the 17^th:

S & D Dashboard Algorithm is 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:

Another move higher is possible, before a significant pullback to the down side will occur. The Divergence to the down side in Buying pressure still exists and we are near the “Greed” (Overbought) zone. Keep an eye on Supply and Demand during the trading session.

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.

TWO MUST KNOW TRADE SETUPS THAT HAPPEN EVERY WEEK

If you don’t know about our two best short term trade setups which are the “Gap Window” and “Price Spike” then you’ll want to learn more and we will be adding a detailed trading guide on exactly how to trade these for our subscribers.

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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.