Forget “the Swissie”. We need to talk about the Equity Indices.
Tuesday’s video was all about the importance of Support at 2,001 on the Emini. Well, we’re way past that point. The Emini day session closed at 1,989 and in the overnight session we’re down at 1,980.
Obviously the psychological impact of the Swiss National Bank decision is rippling through Forex markets – with knock on impacts in Commodities and Equities. Whatever. We’re now through Support on the daily charts and a trend run down is on the cards.
We’re a ways away from Support on the weekly charts. So in the meantime it could get ugly. Get prepared.
Good luck with your Emini trading on Friday.