Emini Trading Update – Wednesday 22 Jun 2011 (19:31)
Sorry there was no video yesterday – but there’s 19 minutes of video today!
We’ve now put in our “Pull Back” in a down trend signal on the 135 minute chart. This needs to go to an “End of Trend” signal before this down move is over. That should coincide with cyclical support on the weekly chart. BUT the question is whether 1,252 is going to hold.
Support levels on the “Risk On” charts are all in (except Copper) – these need to hold. If they don’t then we’re going much lower. In my mind it could play out either way (explained in the video).
If you’re reading this article via email or RSS reader, then follow this link to view the Emini Trading video on the website. Good luck with your Emini trading.