Emini Trading Update – Thursday 27 Jun 2013 (5:16)
Just a quick vid today. I’m looking for a sell-off. But maybe the timing isn’t right.
Tomorrow is the last trading day of the month, so the investment industry will want to “paint” the tape and make it look good. Then we’ve got 4th July next week – and typically the market is bullish into a holiday.
But it’s like gasping for air as we head back above 1,600. Two Amateur bars (Wednesday and Thursday) as we “test” back up, showing a lack of demand. And then Thursday was a high volume churn bar, showing the sellers are coming back in and compressing the range.
Anyway, time to be alert.
Good luck with your Emini trading.