The market always needs a couple of days to digest the FOMC release. The initial reaction was a huge Emini rally. But the follow through has given us a potential false breakout. We’re now back inside the Big Blue Professional Spiky Bar. And vulnerable to test its Lows.
“Hi Barry, This video of yours totally nailed it. You predicted that the stock price will come crashing down to 2053 and it really happened as you said it. You managed to predict this move like a crystal ball. It is totally amazing.” Lawrence N.
We’ve started by breaking Supports on all the highest timeframe tick charts: 4500, 13500 and 40500. And this needs to resolve itself with “End of Trend” sequences on the way down.
The important Emini levels to look for Professional Support are: 2070, 2057 and 2030. Let’s see what happens overnight into Wednesday’s trade.
Good luck with your Emini trading.