Assessments / Blog

ES #F Demand overcame Supply

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.

Yesterday we mentioned: ’Short term signals lean to the Bearish side but are mixed, with Average Supply / Demand Volatility moving into Bullish territory and Volume decreased in Yesterday’s down move?’. Volatility increased early in Yesterday’s trading session, but soon eased again. Likewise, price made a low at 2795.00 before closing up 11.75-points at 2822.25. Demand gained the upper hand about half way through the trading session.

The 2835.00 level to the upside is still holding and the 2789.50 level has not been breached on the downside. A close above 2835.00, accompanied by Buying pressure and Volatility staying in Bullish territory, with Comparative strength, would put the Bulls on track again.

End of the day Signals March the 28th:

S & D Dashboard Algorithm turned Bullish

Daily Signals turned to the upside

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”.


If the 2835.00 level to the upside holds and Supply shows up today, another swing down will remain a possibility. Watch out for Volatility which increase and decrease rapidly.

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


Recently, over the past few months, we’ve been warning that an April 21~24 date is likely to set up an ultimate price bottom in the precious metals market. It could prompt a broader upside price swing that should eventually lead to a much bigger upside breakout move.  On March 8, 2019, we posted this article that clearly outlined our thinking at that time saying a bounce to $1315-1320 before heading down to $1255.

Take a minute to read that article and consider this current downside price action as a gift the precious metals markets are allowing for all of us.  This is the move that we’ve been warning about for months – the retracement from the $1315~1320 level that should bottom out near $1240~1265 and will ultimately become the “momentum base” for the future upside move.  Precious metals are starting a move that we predicted many months ago.  Our researchers believe Gold will trade below $1275 for a brief period of time (likely just a few days or weeks) before setting up a broad-based momentum bottom.  Our objective is to “leg into” this setup with a series of long trades for the ultimate upside breakout.

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