The Emini closed down 11.75 points at 676 on Monday. However, the TRIN indicator shows there was underlying buying – the Better TRIN reading was +75 (positive numbers show buying). If you check out a volume chart, you'll see that the afternoon's decline was on low volume.
TRIN Indicator System Signals (Emini daily)
The Better TRIN Oscillator turned up today, our signal to take profits on a Short trade from 7 days ago. I must admit this trade felt pretty strange, shorting on the close after a strong down day. But that's often the way it is – the trades that feel wrong often work out best. The trade ended up making 76 points or $3,800 per contract traded.
TRIN Indicator System Equity Curve
The system equity curve is looking healthy and we're just sitting under new equity highs. The TRIN indicator system has now been public for 13 months (since trade number 530) with no changes to the system code.
TRIN Indicator System Performance
Read more about how to adjust the raw TRIN data to make it easier to interpret in this TRIN Index feature article or check out the TRIN Indicator Systems here.
Good luck with your Emini trading.
How to Trade with the Better TRIN Indicator
