Commitment of Traders numbers are out and the Professionals flipped to net Short by 1.3% of total open interest. This has triggered my Crash warning signal which needs:
- Market to make a new 52 week high, followed by
- Professionals flipping from Long to Short
Please don’t get over-excited about this. Just wanted to share the analysis with you and the video has more detail on how successful this pattern has been historically.
Good luck with your Emini trading next week.