We’ve had a couple of very quiet days on the Emini – so expect a little more volatility Monday. Plus we’ve still got to “complete” the downside move with a “Pull Back” to “End of Trend” sequence on the 45 minute (and 40,500 tick) chart. So we’ll need to “test” the 2,030 to 2,050 zone.
I’ll be watching to see if 2,030 holds. Then to make things interesting we’ve also got:
- Stock market crash warning signal has gone off
- Tax Time seasonal trade will start to play in during the next few days, and
- Easter weekend (no trading Friday) coming up and markets tend to be bullish into holidays
Bit of a mix there. Should be fun trading – I’ll be trading my signals and not trying to predict which way the market will break.
Good luck with your Emini trading next week.