Emini Trading Update – Tuesday 28 Jan 2014 (16:59)
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Well what a great couple of days trading – fast markets, large range, big volume, smooth trending moves. It’s almost like back to the good ‘ol days, pre-Knight Capital.
And now we’ve had a reversal day on Monday and a nice little up day today, everyone will want to call it all done. The sell off in AAPL will be called a great little buying opportunity. You know the story – we’ve been hearing it for the last 9 months.
Well, not so fast. Things are different this time. Bonds are rallying, Japanese Yen is short covering/basing and ready for a little rally. We’ve had End of Trend on the daily chart and absolutely No Demand at the tops. I think we’ve got more downside to see – plus we’ve not run Pull Back to End of Trend on the 135 minute chart!
Anyway, rushing to get this out. Hopefully it makes my email cut-off time.
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