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Assessments / Blog
ES #F Demand weakening
Demand weakened Yesterday on a high volume day. The ES closed higher by 8.25-points.
Selling pressure is developing, and Comparative strength weakened. Daily signals on the Bar by Bar Dashboard turned to the downside (bearish).
The Comparative Strength (CS) Watch list shows some weakness appearing on the short term with the daily CS also weakening.
End of the day Signals March the 12th:
S & D Dashboard Algorithm Still Bullish
Daily Signals changed to the downside
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”.
A bit of mixed signals on a high volume narrow range day, but weakness appeared.Today’s price action may give more clarity on which way the market will go.
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