Thought the Emini might break to new highs on Friday – instead we got a very low volume up day. Looks like traders left for the Columbus Day holiday early – oh, and my wife reminds me it's Canadian Thanks Giving this long weekend too.
Commitment of Traders data came out Friday and shows Professionals added almost another 3% (of open interest) to their Short positions. I'll post the updated charts later. We're winding up for some fireworks next week. Minimal commentary today, just the charts.
Very Low Volume Day (Emini daily)
"End of Trend" Warning Signal Approaching (Emini daily)
Swing Trading Oscillators Approaching Over-Bought (Emini daily)
Underlying Weak Up Day (Emini daily)
Good luck with your Emini trading next week.
Follow this link to a feature article with videos about trading with Volume Patterns.
