The Emini refused to break down twice in early trade today. The first time, at 9:03 am (Chicago time), we got a RAMBO Pattern. The second time, at 9:51 am, the Professionals stepped in and held it.
On our way back up we generated a nice Gathering Pattern with 4 blue Professional bars on the 1500 tick chart. Just below the previous High.
After a double top at (or near) the same 2,753.50 level and a couple of attempts Short, there were bound to be a bunch of Stops sitting at the High – just waiting to get run. And they were.
Good luck with your trading this week.