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Assessments / Blog


2019-02-27
ES #F Moderate Supply only at end


Demand dominated most of the trading session Yesterday, with Supply emerging at the end of the session. Selling pressure developed, but the presence of Supply is not strong. Sellers only managed to gain control at the end of the session and the ES closed down 8.00-points for the day.

Support to the down side should come in at 2782.50, 2762.00, 2737.75. A greater sell off should find support in the 2696.75 to 2677.75 area.

Any bar close above the last major swing high at 2814.00, will increase the possibility of another new all-time high.

End of the day Signals February the 26th:   

S & D Dashboard Algorithm is Mixed, with moderate Supply.

Daily Signals are Mixed

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:

Volatility picked up Yesterday.

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