23 December 2008

Cyclical Low in Daily Chart Approaching

The Emini fell 12.75 points today on very light (pre-Xmas) volume. We’ll most likely drift over the next few trading days with no directional clues. However, I’m watching my daily chart where we have an approaching cyclical low on the Hilbert Sine Wave.

Emini Cyclical Low Approaching Image

Cyclical Low Approaching (Emini daily)

Good luck with your Emini day trading.