SP Emini is accumulating

[VSATrader]

Hi All:

The SP Emini is being accumulated for an possible up move, they are keeping the price in a narrow channel whilst absorbing supply.

 

[VSATrader]

Daily chart

Here is confirmation on the daily chart that higher prices will follow.

You should be bullish.

Only volume can ever tell you the truth.

VSATrader

 

[VSATrader]

Trade is closed

Hi All;

My speclative position is now closed, But if you follow the principles of supply and demand, then you have the key to the truth.

Regards VSATrader

.com

 

[Porks]

Way to go...

Can you expand on your post #1...

Porks

 

[VSATrader]

Way to go...

Can you expand on your post #1...

Porks

Hi Porks;

Professional money always buy on down bars, you can tell ,because you should get testing within 5 bars, test is a low volume down bar, so when you see prices leveling out and increasing volume on down bars, and the market does not decline, then this is a dead give away(when you know how).



It's all in Tom's book The Secrets that drive the Stock Market.

Regards VSATrader

 

[jmreeve]

Professional money always buy on down bars, you can tell ,because you should get testing within 5 bars, test is a low volume down bar, so when you see prices leveling out and increasing volume on down bars, and the market does not decline, then this is a dead give away(when you know how).

Maybe this works better on the ES but it doesn't seem to work well on the FTSE.