Better Volume Indicator highlights "Trampoline" bearish pattern today. The Emini hit resistance at 1,385 and fell on heavy volume. The 1,385 level was a key resistance level left over from the low of 9 January 2008.
Better Volume Indicator (Emini 81 minute)
The "Trampoline" volume pattern is a reversal formation consisting of a exhaustion up bar followed closely by an exhaustion down bar. The momentum of this pattern usually results in a follow through, in this case to the downside. The next significant support level is 1,324. Let's see if the Emini reaches that level.
Good luck with your Emini trading.
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