29 April 2010

Emini Trading and Slow Grind Higher

Monday we rolled over. Tuesday we sold off. Wednesday we tested the bottom. And Thursday we gapped up and ground higher. We've now reached resistance at 1,206 on the Emini.

Tomorrow I'm expecting weakness in the morning, but after that – who knows. TRIN Oscillator is pointing up and the "Risk Trade" appears to still be on – despite the awful news out of Greece and Europe.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Charts video on the website.

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Trading Charts (6:44)

Looking forward to Friday's trade and good luck with your Emini trading.