The seasonal trade consists of a sell-off this week followed by a bounce leading up to the 4th of July weekend. So far it’s playing out according to plan with the sell-off on Tuesday. I’m expecting some continued weakness, with another leg down.
The Emini High on Tuesday was also marked with a double “End of Trend” signal on both the 45 and 135 minute charts. So we’ll likely have a trend move down now.
Good luck with your Emini trading over the next couple of days.