Emini FuturesCast / The Daily Pod 07/06/11
(QQQQ)(DIA)(SPY)(GLD)(SLV)
David dug deep today into becoming a Self-Realized Trader. I encourage you to listen to what he has to say and begin the journey of "What do I know?"
We would love to hear on the radio program the jewels you find on your own path of discovery
ps/ double check your begging bowl to see what it's really made of first...
This really looks like a topping formation. Our Sentiment Indicator flashed RED briefly today for the first time since June 27th. Keep a close watch on last night's Globex high. That high or 3 points higher could do it for now. Last night on the blog we said to consider selling 1343 on the ES but we never quite got there. We also suggested selling 12585 on the YM and that drop was good for 50 points. As we type we are back at 12585 again. 50 points down, 50 points back up.
The Sentiment Trades were 4 for 5 today.
The final trade I want to post is the one we discussed at the end of the show. There was a classic sanbox setup on the 2100 tick. A counter-trend trade that we did not take.
I suggested waiting for the Trade that supported the Sentiment Trend.
Partner's Meeting tomorrow night @ 9:30 PM Eastern. To become a partner email tech@cfrn.net .
Reader Comments