Emini Trading Update – Friday 30 Mar 2012 (13:05)
Well, time for me to stick my neck out again. Very weak rally back to 1,404 levels and so I think we’re headed down to a Pull Back support level on the daily chart.
If I’m right a break below Thursday’s low around 1,385 would be the trigger. Plus psychologically APPL closing below $600 could cause a rush of retail market profit taking?
I’m curious to see how the Commitment of Traders turn out. Might do a weekend chart update – although we’ve got another swell arriving and I should be packing for our trip back to Sydney. Enjoy your weekend.
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