Emini Trading Update – Tuesday 21 Aug 2012

Emini Trading Update – Tuesday 21 Aug 2012 (7:23)

OK, rushing to get this video out. Finally an interesting day with almost 17 points of range – woohoo. And a line in the sand at 1,425. Coincidentally it was exactly in the middle of Bob Janjuah’s target of 1,400 to 1,450. He must be feeling good today.

We’ve still got to test those highs and the support to resistance pattern has to play out on the risk-on weekly charts. But this was the first time we saw some Professional profit taking on this latest rally.

Good luck with your Emini trading.