Inflection Day Confirmed – Thursday 23 Jan 2014 (13:16)
In Tuesday’s video I said I was looking for confirmation of an important turning point – an inflection day – on either Wednesday or Thursday. Well Wednesday was weather affected in New York, volume was lightish and certainly slow – not everyone was at their desks. Then overnight we had bad news out of China and so today, Thursday, we get decent volume, fast trading and the inflection point confirmation.
“S/P 500……One HELL of a CALL.. thks” Dan C.
Why an inflection point? Multiple markets are turning at the same time (equities, bonds, gold, silver, crude and maybe yen, aussie, euro, etc.) and the range and volume are high. I’m assuming the volume is decent even though I’m putting this video out mid-morning. Need to wait and see the end of day charts to be sure.
An important day – and could mark the beginning of trend moves that could last a couple of weeks/months.
Good luck with your Emini trading.