Latest Emini Trading Charts (8:42)
Monday was a very low volume down day – typically a No Supply type pattern – but we’re back down at 1,040 and on a knife edge. The Bulls just can’t get this rally going.
It’s funny, I’m a Bear by nature but I don’t really want to see the wheels fall off the bus. Yes, we need change – and not the lies from you-know-who. The financial system needs to be flushed out, we need to get back to innovation, production and real wealth creation. But it’s gonna hurt – hurt people’s pensions, hurt people’s sense of wealth, hurt people’s stable lives.
Be careful tomorrow – a close above Monday’s high will mean the rally still has a chance. But a close below Friday’s low will mean we’re heading lower.
If you’re reading this article via email or RSS reader, then follow this link to view the Emini Trading video on the website.
Watch out. Tuesday’s Emini trading is going to be important, one way or another.