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 overcame Demand at the end of Yesterday’s trading session. The ES closed lower by 2.75-points.

Signals are turning Bearish on the Supply and Demand Dashboards, except for average volatility which is still in Bullish territory.

Selling pressure is developing and Comparative Strength is weakening.

In our last assessment we warned: “Average Supply/Demand Volatility Increased on Friday and the Transportation Indexes weakened, which will lead to a pullback if the weakness continues “. The Transportation Indexes weakened Yesterday and Volatility is rising.

If the market continues to pull back to the downside first resistance should be found at 2814.00. The next stop could be 2797.50.

Comparative Strength Watch list:

Comparative Strength in $VIX is rising with Transportation weakening.

End of the day Signals March the 19^th:   

S & D Dashboard Algorithm turned Bearish, although Average Volatility still in Bullish territory

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:

If Volatility Increases further and the Transportation Indexes move further to the downside, a pullback to the downside is unavoidable.

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

Links to recent research post:

US EQUITIES PRICE ANOMALY SETUP CONTINUES

Click on this link to read more....

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 Cryptocurrency, Commodity 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.