Emini Trading and 1,100 Rejected (11:09)
The Emini never made it to 1,100 on Friday and we closed down 27.50 points at 1,063. Better Sine Wave gave us an early warning on a cyclical top on Thursday and we’re now in a down swing phase.
We had extreme selling into the close on Friday so we’re likely to get a bounce Monday. But that could just be temporary. The next major support level is around 1,000. Let’s see how this plays out.
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Enjoy your weekend and good luck with your Emini trading next week.