Wicked Wednesday E-Mini Video Wrap Up
Enjoy a re-run of today’s E-Mini session exhibiting participation as measured by our Zero indicator. On the left side is the hourly panel and the Zero Lite runs on the right via the 5-min panel. Swing traders and scalpers are encouraged to watch the 5-min panel for early clues – in particular price/signal divergences and lack of participation as expressed by a flat signal. If you like what you see then may want to watch some earlier ones – you will find plenty of examples of what to look out for and how to avoid common traps when trading the E-Mini. Plus you may enjoy the tunes 😉
Very educational session and not an easy one given that we had an FOMC announcement. All in all a low participation day and the signal remained unconvincing all day, never once breaching the 0.5 mark. In the end gravity set in as weekly resistance could not be overcome and anyone left holding long decided that eleven consecutive higher highs ought to be good enough for now.
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