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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. Link to Facebook Group where these assessments are also posted regularly. MOMENTUM STOCK TRADING STRATEGY FOR OPTIONABLE STOCKS It been a great couple weeks for members of our newsletter as we start to provide more of our As technical traders, we specialize in trading price action and momentum. Take a look at our most recent closed trades. GET CHRIS’ ETF AND STOCK PICKS TODAY – SUBSCRIBE HERE |