Emini Trading Update – Thursday 19 Jan 2012 (19:22)
Looks like some profit taking today (high volume churn plus high average trade size) – but I think we’ll get a blow off move tomorrow before coming off on Monday and Tuesday.
Remember, the up trend is still in place until we make Pull Back to End of Trend on at least the 135 minute chart. Plus all the “risk on” charts are looking strong.
I’ll do an update on Better X-Trend tomorrow because I’m getting quite a lot of enquiries.
Good luck with your Emini trading.