Emini Trading Update – Monday 28 Apr 2014 (16:26)
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Double reversal today, which is unusual. Normally we get a maximum of 2 trend moves in a day and therefore only 1 reversal.
The first reversal came this morning at 9:30am, which led to a big sell-off. But then at 12:30pm we got another reversal as the market retraced most of the morning’s sell-off.
The question I have: was the second reversal just an opportunity for the Pro’s to get Short on any strength? If we break today’s Low in the next 2 days, then it’s game on.
But in the meantime we’ve got to go with the flow and follow this latest uptrend wherever it goes. And until the volume momentum dries up.
Good luck with your Emini trading.