Hi Blaster,
of course ES will fall again. But only after the Triple Witching Day, 2019/20/09. Nevertheless, this was no negative criticism of you, but only one tip that as long as contract-poc still lies at 2925, big boys aren`t interest in falling prices. I expect after the change of contract next friday, ES and the whole markets will go down.
Poc means point of control.It is simply the price at which the largest trading volume has been made over a period of time (buy/sales).
This point is a rare point in the market because it is an indicator that can be observed before and not exactly when the price change occurs. Most indicators say “here is the point where the price is about to change” but few can say so far in advance where the price will go. Therefore it is very useful data besides easy to calculate. It does not carry complicated mathematics like oscillators.