It seems like I repeat myself over-and-over again – but the Emini day trading patterns just repeat over-and-over again. Today it was the old: “The trend move is not over until we see Exhaustion volume on the 1500 tick chart.”
I’m sure lots of “mom and pop” investors will be encouraged by today’s up move and jump in tomorrow morning. Watch out though – we could have another nasty “Test” down when we hit Resistance on the 135 minute chart. Keep an eye on it.
Good luck with your Emini trading.