Low volume test on the Emini today and the Better TRIN indicator system reverses. First the low volume test chart.
Emini Low Volume Test
The 81 minute Emini chart above shows the volume climax we got towards the end of yesterday. Panic selling by the public was absorbed by the Professionals. Today we tested the 1,393 level but this time there was lower volume – a low volume test. The Emini bounced from this level and the bottom of this down swing could now be in.
Emini Signal: Better TRIN System
Meanwhile, the Better TRIN Oscillator turned up and signaled to take profits and reverse position on the Better TRIN indicator system. We were expecting this after Monday’s Emini oscillator update. Yesterday, we got a bullish divergence warning signal but waited for the actual Emini signal today.
Emini Equity Curve: Better TRIN System
We’re making new equity highs on the Better TRIN System, which gives me greater confidence in trading it. Good luck with your trading.