Emini Futures Trading / Key Reversal Day
LOOKING FOR THE 1ST SIGN OF A TOP??? HERE YA GO!
Let me skip all the descriptive mumbo jumbo of today’s action because we have a potential reversal and that’s why YOU NEED TO READ THIS!
If you have been a loyal reader of our post you will know that we’ve been bulls and “buying dips”. Today that has changed.
Today’s price action in technical terms is called a “key reversal”. What does that mean? This could be the first technical sign of a top. Why? The price action today: we created a higher high, we produced a lower low and we had a lower close than the previous day. Look at the chart it’s easier.