Emini Trading Update – Monday 31 Mar 2014 (14:58)
Huge response to this weekend’s video on the single most important driver of house prices. Thank you. Feeling a little bit swamped – but I will add feedback comments to that post and link back to it in the next couple of days.
Today’s video talks about the difference between Friday’s trade and Monday. Friday was a classic reversal day. It had everything going for it:
- Pullback to End of Trend signal on Price
- Exhaustion buying volume then Bearish divergence
- Professionals at the Highs then Amateurs being “wrong footed”
- And everything happening before the 11am window closes
But Monday was missing key elements before the 11am window, so any reversal trade would have been low probability. And apologies, the 11am vertical red dotted line does not show very well on this video recording.
Good luck with your Emini trading.