Well, we’ve formed a “triple” – close below Support on the daily, 135 minute and 45 minute charts. The significance of a “triple” is that there are no cyclical Support levels to “catch” a break to the downside. So the moves tend to be quicker and travel further.
I haven’t played my “bear” card in a while. In previous years I used to play it all the time – only to be trumped by the “QE” card. But lately I’ve been going with the flow more and been less “bearish”. So I hope you appreciate my restraint 🙂
As usual, play the setups and do your own analysis. All I can do is show you what I’m looking at on my charts. It’ll be another fun week trading, I’m sure.
Good luck with your Emini trading this week.