Emini Trading Update – Thursday 31 Oct 2013 (13:57)
OK, we’ve got FOMC behind us. Always quiet leading up to it. Then crazy while we’re going through it. And finally, today we get a little clarity about which way we’re going to go.
The video is out before the day is over – it’s just gone midday Chicago time. But 1,760 is turning out to be a critical level. We’ve held at 1,750 – the breakout level from last week. For me the question is are we seeing a Professional ‘Gathering’ pattern just under 1,760.
We’ve made our Low today and we’ve got to run Pull Back to End of Trend on the 4,500 tick chart. So let’s see where this upleg takes us.
Didn’t have time to review Gold and Silver today – but their moves were important (we might have hit weekly Resistance). I’ll either do a video on Friday or over the weekend.
Good luck with your Emini trading.