Well, la de freakin' da! The EminiEdge S/R levels along with the EminiEdge Entry and Exit techniques cleaned up today. Starting right off the bat @8:30 Chicago, running off the support with an aggressive long (first blue arrow) and through the important Support zone (bright red zone) and settling back for another low risk entry (second blue arrow). Now only if we can get through the important resistance... Well, after a soft turn towards the level (third blue arrow) we slow down, and...Nope, after turning back at the sight of it (bright cyan line), there's a retest (starts at yellow arrow and runs to first red arrow, look at those small, weak candles!) with an awesome EE divergence never looking back (first red arrow) for a fantastic short, no heat, just the way we like it. The next support turns resistance (second red arrow) and believe it or not another EE diverge for another low risk entry (or add if you are still in from the first entry) and WHAM! Once we break the important support level (called yesterday mind you) the market implodes, dropping another 15 points giving us another, yes another EE Divergence to signal an exit! 100 point day anyone?
Levels and entries couldn't have been much cleaner, guiding us to profits all day today. Going to provide some hands on training tomorrow so no normal trading for me on Friday, but after that plunge I'm expecting a sideways mess so I guess it's for the best. Trade what you see NOT what you think!
Hope you got a (BIG) piece of it today!
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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