TRIN Indicator Emini System
TRIN Indicator Emini system exits long trade at the close today.
Yesterday we got a bearish divergence signal on the Better TRIN index (see bottom pane of chart above). It would have been a perfect trade if we’d exited at yesterday’s close, but we had to wait for the TRIN Indicator Oscillator to turn down for confirmation. The trade still managed a 23 point or $1,150 profit per Emini contract.
And thank you to Robert for the kind words in his email today:
“I am very much enjoying getting to know the Better TRIN – it’s wonderful and is transforming my trading. You really should name it the Taylor Oscillator.”
Apologies for the shameless promotion.
Start of Emini down leg?
The TRIN Emini system has also now signalled Short at today’s close. The 1,475 to 1,485 gap left from last Friday’s Emini action looks like it might get filled. Other confirming indicators include:
- Cycle down turn on 135 minute Hilbert Sine Wave chart
- Over-bought readings for Smart Money and Put-Call Ratio Oscillators
- Emini over-valued versus Bonds and complex top formed in Bonds 20 days ago
- US dollar weakening versus Japanese Yen and crude oil testing $100 per barrel
Good luck with your Emini trading.
