Emini Trading Update – Friday 28 Jun 2013 (10:31)
Well there we go. We’ve finally got end of the month, end of the quarter over with. Now all we’ve got to look out for is 4th July next week. And how that will affect the market psychologically.
Typically holidays are upbeat and leading into them we get some strength. But Friday’s activity shows how weak the market is. The Emini couldn’t get through 1,614 overnight and we closed under the psychologically important 1,600 level.
I’m hanging out for the Commitment of Traders numbers – we might have a little pattern worth talking about. I’ll let you know.
Good luck with your Emini trading.