Emini Trading Update – Monday 19 May 2014 (20:37)
Well here we are again at 1,880.
First the Emini had a false breakout through 1,880. Then we had a confirmed breakout through 1,880. Then we churned at 1,900 and dropped back down through 1,880. And now we’ve closed back up at 1,880 – on very light volume of only 0.8 million contracts.
And did you see the stop run today through 1,880? Wow. Yup, 1,880 is a critical level. Maybe we’ll have to wait until Wednesday’s FOMC minutes to get everyone finally through 1,900.
We’ll see. And apologies for the lack of recent videos on Emini-Watch. Researching new video players, a site re-design, etc. etc.
Good luck with your Emini trading.