Wow! What a perfect day to demonstrate the power of the Emini Trading Edges. Had a bit of a sideways day, only adding about 5 points after a couple of weeks of straight up action on a longer term basis. Kind of surprised we haven't had a bigger term drop yet to be honest, but the last few days of action may be indicating a bit of a stalling scenario running out of steam. Of course, we need to trade what we see, not what we think. Thanks for not emailing me with your criticism after I keep saying a drop is in the cards. I may not be wrong but early (as usual). The setups were plentiful today as indicated in the image above, so I won't walk through them all. Early setups were mine, bias telling us to short against the initial resistance right after the beautiful EE Divergence, followed up by a re-entry if you missed the first one, followed up with an EE exactly at the support to flip to the long side for one heck of a morning, done by 10:30 AM. I know that's late for me but sometimes you have to endure the pain of a full 2 hour day... Oooohhh the agony! Not much else to say, setups right out of the manual, no flash or flare, just profits in our pockets if you traded the plan... Hope you all got a piece of it!
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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