Bonds rallied this week after we had multiple Support levels line up, as shown in last weekend’s video. Now we’ve got the reverse showing on Equities, with multiple End of Trend signals on the Emini charts.
That gives us a tight congestion zone – with Resistance at 2740 or 2750 and Support at 2710 or 2700. If we break Support we’re away to a nasty downside trend move. Which might be the result of capital flows to Bonds and out of the US to Japan and Europe (and finally taking profits in Facebook, etc.). But let’s see – as always, I’m following the Professional bars.
Good luck with your Emini trading next week.