Emini Trading Update – Wednesday 6 Jul 2011 (16:55)
OK – now we’ve had Resistance signal on the daily Emini chart. Plus all the other risk on/off charts – Dollar Index, Euro, Aussie, Copper, Bonds. And so critical juncture.
Some of the risk on markets have started to sell off a little and the risk off markets have started to rally – so my guess is the equities will sell off.
But if we break above today’s Resistance with Professionals buying new highs, etc. then it’s game on. Hope the charts in the video show the situation.
And again looking for more range tomorrow – I think we’ve “wound up” enough with a 7 point range day yesterday followed by a 10 point range day today …
Quote of the day …
From Warren H. who picked off a lovely one-shot-one-kill trade today …
“Hello Barry, Very Good System! I was drawn to the way you analyse volume and had my first trade today.
Long @ 1326 — 9:26 CST. One shot 1 kill for 4 points. Took no heat and based my entry on the 4500 / 1500 confluence.
Thanks for all you have done and the excellent videos.”
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