Emini Trading Update – Tuesday 21 Jan 2014 (22:35)
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Drank waaaay too much coffee before recording this video. I sound very, very excited. Which is true, but not my style.
We’re at a turning point and we’ll get confirmation Wednesday and Thursday. It’s a pity that New York is about to be hit by snow because I’d like everyone to be at their desks and adding their share to the liquidity. We’ve got another very important line(s) in the sand. If the Emini starts to break through 1,833, then 1,830 and then 1,826 we’re on our way down.
Calling downtrends has been a futile venture over the last 6 months. However, we’re now in a brand new year, the asset allocators have made or are making their moves and the psychology re-sets in a new year. We have trend turning points developing in a range of markets and the next few days will be pivotal in confirming them.
For more information on trends in lower timeframes syncing up with cycles in higher timeframes see this video.
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