The Emini never made it to 1,100 on Friday and we closed down 27.50 points at 1,063. Better Sine Wave gave us an early warning on a cyclical top on Thursday and we’re now in a down swing phase.
We had extreme selling into the close on Friday so we’re likely to get a bounce Monday. But that could just be temporary. The next major support level is around 1,000. Let’s see how this plays out.
If you’re reading this article via email or RSS reader, then follow this link to view the 1,100 Rejected video on the website.
HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD
Emini Trading and 1,100 Rejected (11:09)
Enjoy your weekend and good luck with your Emini trading next week.
