Weekend Chart Roundup – Saturday 28 Apr 2012 (17:19)
Took Thursday and Friday off from trading. Watched the open but just wasn’t into it, so took no trades. I think that’s good to do once in a while – there’s always tomorrow.
Anyway, a collection of charts this weekend. We’re in the process of completing the uptrend in the Emini and making “Pull Back” to “End of Trend”. And we’re only 20 points away from the previous high, so I’m sure we’ll have a run at it. But the COT charts showing more and more divergence and so I think we’ll correct at some point.
The risk-on FX charts broke out Thursday/Friday with up moves in Aussie, Pound and almost Euro. But the risk-on commodities, Crude and Copper, were less strong. It’s a mixed bag so let’s see how the week progresses.
Good luck with your Emini trading.