Emini Trading Outlook – Friday 24 Jun 2011 (14:43)
It’s taken me 10 minutes to write the next few sentences. I’m trying to be measured – but my charts are signalling that we’re at an important Support level that could fail.
We need to rally Monday. If we don’t then 1,250 will probably not hold and then look out below. This could turn into a large downside move.
On the flip side – we have 4 July weekend coming up. And there is usually a Bullish bias going into Holidays.
All I can do is show you my charts – Sunday evening’s activity will be critical and any news announcements out of Europe.
Note to self: Trade the charts and what you see, not what you want to see.
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.