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.

In our last assessment we expected an up move Yesterday and the ES gained 23.75-points from the open to a high of 2755.75 before closing down 0.75-points at 2727.50. A lot of Supply entered the market later in the session, but could not take out the 2712.25 level and price closed down by only a whisker.

Supply and Demand Volatility reduced and we had a Balanced market warning signal. We are still in selling pressure territory, but if Demand shows up today prices should move higher.

If price stay below 2766.25 and we get a bar close below 2712.25, another move lower is still a possibility, with possible targets at 2567.25 and 2542.50, only if price stay below 2766.25 and we get a bar close below 2712.25.

Daily Signals November the 13^th:

S & D Dashboard Algorithm is still Bearish and Daily Signals all turned Bullish

Supply/Demand Volatility decreased and we had a Balanced market warning signal

Caution:

Supply and Demand Volatility is still at a bearish level and Selling pressure is still present. A sudden up move today is a possibility.

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

Click here for example of reversal trade taken in Feeder Cattle that can be found on this page.

 

IS A TOP FORMING IN NATURAL GAS?

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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 Commodity, Crypto 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 therewit