Emini Trading Update – Wednesday 16 Nov 2011 (20:03)
Well, things are getting interesting – that was quite an afternoon sell off.
Bit of a round-robin group of charts today, plus a day trade tagged on at the end. My trading was pretty scrappy, and by the time the real trend move set up I’d had enough and exited way too early. Oh well, not bothered though.
So now the line in the sand is clear – 1,260. Let’s see what happens the next 2 days. If we hold and manage to get above 1,260 then this thing will run up. But we’ve been in consolidation for a week and a half now and the market is itching for a break – and the trend line chart says the break was down. I can just see the $DXY wanting to pop.
Could it get any more exciting?
Good luck with your Emini trading.