Emini Trading Update – Wednesday 27 Jul 2011 (13:24)
Well what a day. I was out for 4 after 12 minutes, watched it for a bit and then went to bed. Woke up this morning to see 1,300 had been broken. Wow – that could be game changing.
We’ll be searching for divergence patterns on the 4,500 and 13,500 tick time frames over the next day or two. At which point we’ll get a bounce. The character of that bounce will determine where we go medium/long term. But that is some days away.
Didn’t show it in today’s videos, but check out the cyclical support/resistance levels coming in on the risk on/off charts.
Hope you got more than my 4 points today 馃檪
Quote of the day …
Very nice words from Travis G.
“Just wanted to thank you for the great daily updates! Insanely helpful!!”
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