ES pushes through prior session high
Moving higher for the 2nd day in a row, ES ended the week 0.69% higher at 61.35 after gaining $0.21 (0.34%) today. Today's closing price of 61.35 marks the highest close since January 31st. Closing above Thursday's high at 61.25, the market confirms its breakout through the prior session's high having traded $0.55 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $0.60 (0.98%), that's below last trading month's daily average range of $0.79. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Eversource Energy
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|6 Consecutive Higher Closes||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
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