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Emini Support Holding Strong... For the Moment

1/6/2016

 
Well, the Emini Support talked about in the last Emini Trading video almost breaks but holds for now.  Sitting on a knife edge and we will probably get a decisive move sooner rather than later.  Coming into the day we were looking for shorts and struggled a bit early, but sticking to the plan payed off with a nice short for 11 points per lot.  The support area was rejected on the daily time frame though and we bounced up again so the bulls still have some oomph left.  The support and resistance levels outlined our action decent as well today as there were some longs and shorts available, nice volatility for us.  Hope you got a piece of it.  

Good Trades,
Trader Joe

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