Had some real nice trades set up at the S/R zones today like clockwork. The professionals defended the initial resistance zone we pegged at 2100 on the emini-S&P futures contract, amateurs trying to break out three separate times until they finally were thrashed all the way to the 2086.25 zone TO THE TICK! That's near 14 points before getting an EE (Emotional Extreme) indication and an exit signal. There was actually an excellent reversal entry signal at the exact bottom for a fade or reversal if you were short from earlier. Had to have nerves of steel to jump in front of it, BUT with the EE divergence, it signaled clear as a bell... I took a few stabs at the short earlier and was already done before the big drop happened, Ahhh to have the patience to sit there for the big moves... Someday! This pic also shows the EEdgeReportAlert indicator nicely, showing that the professionals used the report to trap all the amateurs long before taking it down.
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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