Emini Trading Update – Monday 25 June 2012 (23:24)
Well I was hoping for more of a sell-off than that. Nicely setup at Friday’s close on the 1500 tick bar chart with an End of Trend, Exhaustion Buying and First Divergence pattern. And so we started down after Sunday’s open.
But then during Monday’s trade we ran out of puff. Low average trade size (Amateur) activity during the middle of the day, End of Trend on the 4,500 tick chart and the other Risk On markets have not joined in. So we’ll probably bounce tomorrow and try to close the gap.
Oh well, I think the down trend is still in place but the market never moves in straight lines. And everybody will start looking to Thursday’s Euro meeting. Maybe it’s a question of Buy the rumour and Sell the news on Thursday. We’ll see.
Oh, and apologies for the long video today – might not make my email delivery cut-off time.
Good luck with your Emini trading.