Emini Trading Update – Tuesday 7 Jan 2014 (10:12)
Although we closed up, today looked weak to me. Equities are over-bought and Bonds are over-sold – and I think there’s a re-allocation going on from Equities to Bonds. Here’s a link to the Equities versus Bonds oscillator (free code) that I use in today’s video.
The End of Trend patterns rippling through the timeframes is also covered today – we had them during the day and they’re also happening in the 45 minute / 135 minute charts. If you want more info, check out the How to Trade Head and Shoulder Patterns video.
The Lows of the last couple of days on the Emini – 1,826 and 1,817 – are critical levels going forward. So watch them on Wednesday and Thursday. One decent trend day can make a good week, so let’s see what the market gives us.
Good luck with your Emini trading.