Human emotions and human behaviour drive the stock market. The volume patterns that result and not logical or smooth – they’re spiky and jaggedy.
Markets don’t turn like Lewis Hamilton at Monaco. Think 7-year old in a dodgem car instead. They would drive Spock crazy – “It’s not logical, Jim”.
And so, for Monday, 1,680 will likely fail. We’ll get another extreme selling volume signal – to complete the pattern and round off the Better Momentum straight line pattern.
That’s what I’m looking for at least. And forgive me if you think “Behaviour” should be spelt “Behavior” – I just can’t bring myself to write it that way. Too much English DNA.
Good luck with your Emini trading.