Emini: Make or Break – Wednesday 12 Feb 2014 (14:27)
What a wild ride we’ve had over the last 3 weeks. The Emini has dropped 114 points then rallied back up 91. We’ve now got this wide zone – from 1850s to 1730s – that we’re stuck in. And trying to figure out which side we’re going to break.
And we’re about to make cyclical resistance – sometime Thursday to Monday – on all the equity indices. If we move sharply down from those Resistance levels that will signal real weakness.
Meanwhile the US Dollar Index is hanging on the ledge at 80.50. It looks like it just wants to fall off. On the other side, the British Pound looks like it wants to make multi-year Highs. The Euro looks like it wants to join in. And the Yen is building a base from which to rally.
And that’s not mentioning Gold, Silver or Crude Oil. Hold onto your hats, the next three days is going to be crucial.
Good luck with your Emini trading.