Learn to Trade Emini Futures - Emini Podcast 01/18/12
(QQQQ)(DIA)(SPY)(GLD)(SLV)
The S&P 500 Emini futures have given both sides of the market ample opportunity this week inside a relatively narrow range of 18 points. The Bulls have held firm at each touch of our Weekly Trading Zone - 1285/1286. Today brought a slightly higher of 1304.25. Tonight on Globex we have dynamic support printing at 1301.75 and dynamic resistance at 1304.00 so far...
Partners, in the above chart take note of each step of the setup as it came together. Everything here is by the book. (our book anyway) That Doji during the drawdown was just the market winking at you. Did you blush?
The Zone Ranger
As Partners you have the Zones in hand before the market opens on Monday morning. Keep in mind the Zones are an area. We often see price test them to the tick but you are better served to keep in mind the concept of "area". Study the above chart. Break it down into smaller time frames. Be prepared to ask questions in the Partners Meeting tomorrow night. See you "at the bell".
Blessings
D
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