Wow, dramatic 24 hours in the Emini market. Topped out yesterday with an "End of Trend" signal on the 45 minute chart, then bottomed today with an "End of Trend" signal on the 4,500 tick chart. And we're back to where we started.
Video today showing the Professional buying that confirmed a likely rally – but the strength of it took me by surprise. I was out before it really got going! Darn that 'taking profits early' gene I have.
Where to from here? I'm really 50:50 as I discuss in the video. My gut says this was Professional selling into this high volume rally. And of course the market is not going to make it easy for us.
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Emini Day Trading Charts – 25 Feb 2010 (12:10)
Unfortunately, I'm not going to be trading until mid next week. Two months in Hawaii has gone by quickly and my wife and I are finally on our way back to Sydney, Australia, after 6 months away. So good luck with your Emini trading over the next few days.