Just a quick post today to say: we got the "End of Trend" warning signal on the 45 minute Emini chart. The signal marked the low of the day and came during a final push down after the FOMC announcement. That move flushed out the weak hands and was the start of a late day rally.
So, for me, the first step in marking a bottom here is complete. I'm looking for a low volume re-test of the lows some time tomorrow or Friday – which would usher in the start of the next rally phase.
From there we need to judge the strength of any rally. Support at 1,080 will obviously be critical. If the rally is weak it will mark 1,147 at a critical top. But that's getting ahead of ourselves. Here's the Hilbert Sine Wave chart.
Hilbert Sine Wave: End of Trend Warning Signal (Emini 45 min)
You can watch yesterday's Emini Swing Trading video post here. It explains the Hilbert Sine Wave signals I was looking for on the 45 minute and daily Emini charts.
Good luck with your Emini trading.
