Emini Podcast | Episode #1,558
(GRPN)(FB)(SPY)(GLD)(GMCR)
When the Fed hands you lemons, Make Lemonade!
S&P500 Emini Futures
Last night's TWEET was good for 10 points on the way down to our Weekly Trading Zone at 1416/1417. The party started with the double top in the 1431/1432 Weekly Zone. Once we found solid support at the 1416/1417 Zone, things got very interesting.
Previous ESZ2 trade idea is still valid. However, as a possible early entry, consider being short below 1427. $ES $ES_F #es
— DeWayne Reeves (@CFRN) December 13, 2012
S&P500 Emini Futures - Tweet Leads to Huge Coil
The chart above is hourly. Price moved Zone to Zone 5 times over 6 hours. Each move, A to B, B to C, etc.. was good for a minimum of 5 points each. In other words, the market traveled 25 points inside a 5 point range in 6 hours. That's one for the record books. It also portends a potential powerful move coming.
Either step aside, reduce your position size, or make sure you understand the volatility afoot. If you need help managing a position, call Burt at 866-928-3310.
Reminders:
CFRN Weekly Trading Zones are emailed to Partners before the market opens every Monday. To make sure you have yours, become a CFRN Partner today!
Coaches Corner tomorrow @ 3PM Eastern with Trading Coach - Robin Dayne
As opportunities unfold we'll keep you posted.
Questions?
Call us toll free @ 866-928-3310 during normal business hours.
After Dark - email support@cfrn.net or call 415-857-5654
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