26 May 2010

Emini Trading: Looking for a bounce on Thursday

Hope your Emini trading is going well. I haven't posted to the website in a few days – I'm working on updates to my Commitment of Traders indicators. More later.

Anyway, I think the Emini might be in for a bounce tomorrow and into the weekend. Check out the video and chart below. Never a good idea to have too strong a conviction – I'll just trade my setups. But my bias is now to the upside.

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

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Trading Charts (8:10)

And here's a screen shot of the Emini 4,500 tick chart. Shows the "End of Trend" warning signals with Exhaustion buying/selling followed by Divergence patterns.

Emini Trading Image

Emini Trading – "End of Trend" Setups (4,500 tick)

Good luck with your Emini trading.