Latest Emini Trading Charts (14:39)
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.
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Good luck with your Emini trading on Thursday.