The Low made at 9am today wasn’t the real bottom, as there weren’t any Professional bars on the Low. We had Exhaustion selling volume and rallied back. But the rally back was weak and led by the Amateurs, shown by RAMBO patterns at 10am.
Once cyclical Resistance on the highest timeframe came in and the 11am window shut, we started to roll over and that led to the best move of the day – a waterfall decline, through 2,984 led by the Professionals.
[ And if you want to check out Thursday’s blog post that never got sent out by email because of my duh-brain, here’s the link. ]
Good luck with your Emini trading this week.