Approaching Hilbert Sine Wave Turning Point (Emini 135 min)
Happy Bastille Day everyone and “Vive la Revolution!” And what about the markets? The next test for the Emini will be a cyclical turning point in the 135 minute chart, shown below.
We should see this cycle turn on the Hilbert Sine Wave confirmed Wednesday (or at the latest Thursday). Remember, high probability trades set up when cycle moves in higher time frames line up with trend moves in lower time frames.
Approaching Hilbert Sine Wave End of Trend Warning Signal (Emini 15 min)
In the lower time frame – 15 minute chart in this case – we’re approaching an “End of Trend” warning signal on the Hilbert Sine Wave. So potentially we have an end of trend coinciding with a cyclical turn in the higher time frame.
No Demand Volume Pattern (Emini 135 min)
Last chart just shows there is some weakness and lack of buying pressure. Let’s see how this plays out over the next two days. Good luck with your Emini trading.