Emini Trading Update – Thursday 7 June 2012 (11:49)
The continuous contract charts are always a little messed up on rollover day – but that will put itself to rights tomorrow. Used the June contract charts for picking signals, just because the majority of volume was going through them.
The expectations on what Bernanke would say were huge. We had run up 30 points yesterday – and then another 15 points overnight! It’s almost like whatever he said (and I’ve not even had time to read the commentary yet) was going to disappoint. Buy the rumour, sell the news type stuff. Anyway, led to a nice Short setup just at 9am.
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