Assessments / Blog

ES #F Demand with high Volatility

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.

The ES closed higher by 33.25-points Yesterday, after an initial sell off to 2813.75, creating a spring action from the 2814.00 resistance level.

Signals turned mostly Bullish but there are some anomalies. Average Supply and Demand Volatility increased into Bearish territory and Buying pressure is weakening. With Yesterday’s sudden turnaround into Bullish sentiment, one would have expected increased Buying pressure and lower Volatility?

Comparative Strength increased.

The Transportation Indexes strengthened Yesterday.

Follow through or not to the upside will be the key today. The 2900.00 and 2947.00 levels are within reach.

If the market starts a new down leg, resistance could be at 2797.50, and if broken the 2777.00 level should give resistance.

End of the day Signals March the 21st:

S & D Dashboard Algorithm turned mostly Bullish, although Average Volatility entered Bearish territory

Daily Signals still points to the upside with an unbalanced market warning

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”.


Some anomalies exist and Yesterday’s sudden reversal may turn out as a Bull trap?

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


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