Multiple Markets Video (18:45)
Long video this weekend with a run through of the Bonds, Copper, Crude, Euro and Emini charts. The Professionals definitely stepped in at the close on Friday to pick up the pieces but I don't think this downtrend is over. See the video for why.
If you're reading this article via email or RSS reader, then follow this link to view the multiple markets video on the website.
Latest Commitment of Traders data has caused another Crash Warning signal – not good news. This does not necessarily mean a crash Monday or even next week. But just adds to the bearish evidence I see in my charts.
Commitment of Traders & Crash Warning Signal (S&P500 weekly)
Lastly, on a personal note, we're back in Sydney after 3 weeks in New Zealand. Mrs Emini-Watch in particular had a great time. Here she is riding Philip – he's actually a movie star and was the Prince’s talking horse in 'The Lion, the Witch and the Wardrobe' film. Bit of a show off really. 🙂
Enjoy your weekend and good luck with your Emini trading next week.