It’s Make or Break time again – this time Friday’s Low and last Friday’s Low are the critical Support levels that need to hold. That’s 2,038 and 2,033 on the Emini. Every time we try to break towards 2,100 we get rejected – and lower Highs end up being made. The result – a wedging pattern where we’re vulnerable to a nasty downside break.
Here’s the Better X-Trend indicator – a trailing stop based on explosive and exhaustion volume.
Good luck with your Emini trading this week.