Emini Trading Update – Thursday 8 Aug 2013 (12:08)
Another nice day’s trading – decent volume, decent range. The currencies are now all turned around and starting to synch up – so Dollar Index is falling. And Gold and Silver starting to rally. Looks like this was an important turning point during this week.
Also important Professional activity during today’s reversal rally. My view is that they were getting Short with resting sell orders. But the safest thing to do is wait for the break of the range. A break below 1,690 would show they were selling and we’re off to new lows. Let’s wait and see.
Quote of the day …
From Jeff P.
“Barry, Can’t say Thank You enough for what your indicators have provided me. I have become tremendously successful over the last several months. It’s taken a lot of work to understand how all three work together but i feel like i’ve got it down pretty well. Keep up the great work!”
Good luck with your Emini trading.