Emini Trading Update – Thursday 31 May 2012 (10:29)
Didn’t mention in the video that today was the last day of the month – so potentially some window dressing going on. Plus we get equity inflows for the first day or two of the new month. So this might keep the Emini from breaking 1,290 straight away.
I’m still Bearish – what’s new – but a little less so than yesterday. If/when we break 1,290 look for a really big move. Which might line up with “dirty” End of Trend on AAPL?
Link of the day …
I no longer care about the stupidity of the people in charge (hence no rants for a while). I just take it for what it is and look after Number One. What does it mean for me? How can I profit? How can I reduce my downside exposure?
So it just makes me laugh/sad to see what is going on in Europe. Today we have Mario Draghi bitching about his political masters. Yeah, he doesn’t look like a leader to me – too effeminate. Not got that John Wayne or General Patton air about him.
Good luck with your Emini trading.