Tuesday 10 April 2007

Emini Daily Update: Weak Trading Index TRIN

The Emini closed up 1.25 points at 1,455.75 on Tuesday. Another small range (5.75 points) and low volume (0.7 million contracts) day, signaling a lack of demand. The Emini couldn't get past 1,458 - a level it has hit three times in the last two days.

Emini Trading Index TRIN Image

The chart above shows my Adjusted Trading Index (TRIN). You can read about the Trading Index indicator here. Today's adjusted TRIN reading was just +7, showing a lack of conviction by buyers. We might be seeing the Emini starting to roll over.


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