Emini Trading – Thursday 19 May 2011 Follow Up (16:09)
OK, I’ve already put up my day trades for Thursday. But I’ve got more to say (as usual). Just because the “Better” indicators were picture perfect (again, even though I say so myself). The setups are explained in the video.
As for the bigger picture? Yes, yes, we’ll probably get some follow through on Friday. Everyone is feeling oh so bullish after Glencore took profits and LinkedIn tripled (small float, just like the Dot Com boom).
But I’m watching for any break over the next 1-3 days of the daily Lows. First level is 1,334 – if that breaks it shows there’s no demand here and we’re rolling over.
So come on Bulls – show me what you got. You’ll have to muster an explosive trend day up into the 1,360s to keep the party going. And if you do – I’m not proud, I’ll get on board.
If you’re reading this article via email or RSS reader, then follow this link to view the Emini Trading video on the website. Good luck with your Emini trading.