“Wow, man you sure called that one! … I’m taking it one day at a time, one setup at a time, and having fun using your awesome indicators. Thanks again for all your help.” John G.
“Great analysis Barry. You make a strong case that we probably have a bit more downside before the market makes much of a bullish stand.” George
I don’t think the bottom is in. We’re having a little bounce at the moment – people buying a potential double bottom in the 1,920s on the Emini. But we’ve still got to make “Pull Back” to “End of Trend” on the 45 minute chart. And we’re also through daily Support levels on the 4 major indices.
Got to give it some time, until this move “completes” on the downside.
And in the meantime, a stock market crash warning signal has popped up. Now, don’t get all riled up – it’s not a perfect indicator and this signal doesn’t look perfect either. But let’s see how the Commitment of Traders data plays out over the next weekend or two.
Good luck with your Emini trading over the next couple of days.