Emini Support at 1,111 Follow Up (10:09)
A follow up video post to yesterday's "Possible Emini support level at 1,111." The call was early and support at 1,111 turned into resistance on Friday. It was also a great Short entry point with:
- Cyclical turn on the higher time frame
- Coinciding with an "End of Trend" warning signal on the lower time frame
- Amateur buying expecting a breakout then getting wrong footed, and
- Lack of buying volume and Bearish divergence signal
Support Level at 1,111 becomes Resistance (Emini 13,500 tick)
If you're reading this article via email or RSS reader, then follow this link to view the Emini support level follow up video on the website.
Enjoy your weekend and good luck with your Emini trading next week.