Emini Trading Update – Monday 13 Jan 2014 (14:12)
Well we finally got the sell-off. Reversal of the Carry Trade and asset allocators switching from Equities to Bonds finally had an impact.
And this is a significant day – trend moves start with large range, large volume days and continue until we see large range, large volume, capitulation-type days. That’s the theory behind the Better X-Trend indicator, which has now confirmed a downtrend phase in the major indices.
Good luck with your Emini trading.