Yesterday the Emini broke 2,600 decisively. Ended up being a huge down day, with 72 points of range. Today we’re consolidating – but still below 2,600 (as I write this at 11:30am Chicago time). If the weakness continues we’ll trigger the carry trade and the Japanese Yen will break into an uptrend. 90 Cents is the breakout threshold level to watch on the Yen futures.
This video shows how to follow the Japanese Yen Carry Trade.
Good luck with your Emini trading this week.