The TRIN indicator turned up on Friday and signaled to take profits on the Better TRIN System. Short entries were made last week between 1,355 and 1,379 and profits were taken today at 1,330.
TRIN Indicator Turns Up
The chart above show Friday’s action resulted in a low volume, inside bar and doji candlestick pattern – all signaling indecision. In addition we have possible support around 1,320.
I’ll be watching Monday’s action for a high volume break above or below Thursday’s range. Good luck with your Emini trading.