So, Monday was a low volume down day – a No Supply volume pattern day. Then Tuesday was a high volume low range day – a Stopping Volume pattern or “Stealth Buying” day. The net result was 1,040 held and we had a Gap Up Range day today.
The buying into Wednesday’s close was pretty extreme – so I wouldn’t be surprised to see a pull-back on Thursday. But it certainly looks like the uptrend is back on. And likely to run its course until we get a cyclical top on the daily time frame.
If you’re reading this article via email or RSS reader, then follow this link to view the Emini Trading video on the website.
HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD
Latest Emini Trading Charts (14:39)
There are now a couple more options for watching and subscribing to the Emini-Watch.com videos: Emini-Watch on iTunes/iPhone and Emini-Watch on YouTube.
Good luck with your Emini trading on Thursday.
