Finally the fireworks day we've been waiting for! At current writing, the Emini is down 32 points, and may not be the bottom yet... Saw another zebra stampede while I was putting this video together and so I talk about that a bit as well. The S/R zones were on the button today, generously netting 27+ points per lot out of two decent trades. Had a couple of small loss/gains earlier in the morning but the last two worked out beautifully. I would not be surprised to see the market sell off near the end of the day as some of the action I saw around 9:00 AM led me to believe that there was MAJOR dumping going on that isn't short term. There were some prints on the tape that seemed like an error, but if not, it may be a major top in for a while. We had 2M+ contracts traded yesterday and if we get it again today it may be pointing to a significant event long term. I'll keep trading the short term patterns and don't really care what direction, as long as I an get aboard some volatility! Hope you got a piece of it... In case you're wondering (probably not!) The fireworks picture was from my new camera on Independence Day, this fourth of July....
Good Trades, Trader Joe Comments are closed.
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Author"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com. Archives
March 2020
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