Emini Trading Update – Wednesday 19 Sept 2012 (11:33)
Just getting used to the new time zone, so these videos are coming out a little late. If the email is too late for you just check the site before the open or follow the RSS feed. (BTW – I love RSS. Why does no one else use it?)
So we got the End of Trend signal on the 40,500 tick chart and then the Emini tanked in the last 45 minutes of the day. And has continued overnight with some bad numbers out of Asia. So looking for some weakness until we find support on the 13,500 tick chart.
After an overnight sell-off usually the best thing to do is just go Short right at the open and try to pick up some follow through. Then re-enter Short on the next Pull Back signal that has some Professional confirmation. Let’s see if that trade sequence looks right on Thursday.
Good luck with your Emini trading.