Strong continuation on good volume today. The Emini closed up 11.75 points at 1,370.75 on Thursday. The bounce off the rising trend line we saw on Wednesday continued today with good volume, large range and closing on the highs. How much further will the rally go?
Better Trend Line Indicator Archive
Downside break and trend line bounce today. The Emini closed down 1.75 points at 1,359.00 on Wednesday. We got the downside break expected after yesterday’s analysis. Then the Emini bounced off a rising trend line on large volume in the afternoon. Will the rally continue?
Trend line bounce today. The Emini closed up at 1,343.25 on Tuesday. The market gapped down at the open, continued lower and then bounced off a rising trend line. Keep reading this article to see how I plot trend lines and use them to gauge the mood of the market.