Favorite Emini Oscillators
Emini oscillator update today. The Emini closed down 1.50 points at 1,421.50 on large volume, 2.3 million contracts. We got a Stopping Volume pattern with higher volume but lower range than yesterday, showing Professional buyers are coming in.
The chart above shows 3 of my favorite Emini oscillators. They are all non-correlated and only one is based on price. The oscillators measure:
- TRIN Indicator
- Put Call Ratio (Better PCR Oscillator), and
- Professional end-of-day activity (Better Smart Money)
As you can see, all 3 Emini oscillators are over-sold, with readings of -193, -181 and -98. However, none of the oscillators have turned up yet. A break above today’s high of 1,431.50 would signal the end of this downswing and a turn in the Emini oscillators.
Good luck with your Emini trading.