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Assessments / Blog


2019-03-13
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”.

Caution:

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.

Link to Facebook Group where these assessments are also posted regularly.

 

IS BRITAIN AT THE EDGE OF A POLITICAL CLIFF?

Recent news that Theresa May was unable to convince members of Parliament to even consider her current deal as well as the future political and societal consequences of any failure to move ahead with an orderly Brexit deal.  The question before traders and investors is how will this reflect in the global markets and how will currencies react to this news?

The GBP (British Pound) appears to be poised to a breakdown move aligning with our Fibonacci Arc structures.  These arc structures help us to understand where “inflection points” are likely in the markets and where bigger moves may initiate.  The current Arc level, near current price, is indicating that any failure of an upside move will likely prompt a downside move to near 0.739 – or lower.

Click on this link to read more....

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