TRIN Indicator System Signals
The TRIN Emini Trading System has signaled short at the close. Today the Emini made a complete U-turn. We gapped down and dropped in the morning and then rallied all afternoon. By the end of the day the Emini was only down 3.50 points, closing at 1,555.25.
After yesterday's "High Churn" chart pattern we were expecting the Emini to drop today. However, the strength of the afternoon rally was impressive with a total of 2.1 million contracts traded by the day's end. This is eerily similar to last week's "drop and pop" on Tuesday and Wednesday.
But the TRIN Indicator Emini Trading System signals short …
The chart above shows the TRIN Indicator Oscillator turning, setting up a divergence signal shown by the white lines. This TRIN pattern forms the basis of one of my best Emini swing trading systems. The system does not trade often but is very profitable when it does. Using some simple money management the TRIN Indicator trading system generates a profit factor of 6.27 in back-testing. The TradeStation performance report is shown below and you can read more about the TRIN indicator here.
TRIN Indicator System Performance
So, although it feels like the wrong thing to do, I'm going to follow my TRIN Indicator Emini trading system's short signal. Good luck with your trading.
