Emini S&P 500 expectations.
- Thread starter malaspina
- Start date
You mean the normal open at 6PM ET? Yes, but do realize that we are on a weird week, with the US Turkey Day on Thursday. And while I normally would feel volume would decrease this next upcoming week, I feel that this year it may be different, more than average on the majors. And that is only because of the Trump Tweet Bump. Who KNOWS what the guy is gonna' spout before T-Day. The guy is totally rogue.
You have a valid point. Thank you.
The long idea did not pan out. Price action did not give a long buy signal. There is a lot of overhead resistance as you can see in the next chart. In fact, I did not like this sell off today, it broke down ugly. If the bulls can not make it higher past 2710 resistance level and to hold price over there, then a new downward move is in the works if price bounce down off 2710 resistance zone. We need to change gears as the market changes, we need to adjust and dace to the rhythm of the market. Let´s wait and see.
Ok, those looking for an entry to make a short swing trade inside this downtrend look carefully at tonight extended section, there is a retracement, but I am not sure if it is over, I usually wait for a confirmation or some kind of signal that tells the bulls have lost energy before I get in.
