Emini volume pattern today. The chart below shows the Emini bounced off the 1,450 level again today. However, with each bounce since 18 December the volume has been declining – showing a lack of supply. The bottom of this latest down move could be in.
Emini Volume Patterns
We also have a cyclical up turn in the Hilbert Sine Wave on the 135 minute Emini chart (my primary swing trading time frame), shown on the chart below.
Emini and Hilbert Sine Wave (135 minute)
In addition:
- Doji candlestick pattern today, showing indecision and a possible turning point
- Better TRIN Oscillator is oversold at -118
- Reversal bar on the US Dollar versus Japanese Yen
Let's see if the 1,450 level holds. Good luck with your trading.
Follow this link to a feature article with videos about trading with Volume Patterns.
