Emini Trading Update – Monday 25 Mar 2013 (11:24)
Well the news feeds are jam-packed with commentary on the Cyprus deal. I’ll enjoy reading/listening to them. But the immediate reaction seems to be continued capital flight out of Eurozone and into US assets. Euro reversed down big and US Dollar up.
And the spike down in the Emini and Equities could have seen the sellers run out of bullets. I’ll be looking for another attempt to get back through the 1,550s and break above 1,560. But we’ve got a line in the sand that needs to hold – today’s low at 1,539.
Good luck with your Emini trading.