Emini Charts | Digital Treasure Maps

All Trading Charts have evolved greatly since the dawn of the Internet. There are still active traders amongst us today, who learned their craft from hand drawn charts plotted off the pages of the Wall Street Journal.

Much of the sophisticated technical analysis now available at the click of a mouse, was once an incredibly labor intensive job. It was also a far cry from the "real-time" data we now not only demand, but somehow take for granted.

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Range Breakout Leads To Next Weekly Zone

Market Gains Another 10 Points On Zone To Zone Move

We've watched the 1548/1549 Weekly Trade Zone serve as resistance for 2 days now. We watched price channel between the Upper Zone I just mentioned and the Lower Zone @ 1542/1543. The last 2 blog posts have the charts in case you missed the trades and or the price action as it unfolded. Price made the Zone to Zone round trip, a total of 9 times over 3 days. We knew this wouldn't last forever, nothing does.. at least not in this lifetime. The total of what the market made available (not us - the market), was 45 points.

We talked last night about how some traders were horribly frustrated by the 5 point range, while other traders (Partners perhaps?) were basking in the glow and wearing a "cat ate the canary" grin. Think for a moment about where you fall in. Was it nerve breaking, nail biting hell..? Or did you wear it like Mr. Rogers cardigan or your favorite pair of tennis shoes (the stinky ones)? Well, whether it was torture or a treat, we finally broke to the upside. That stubborn resistance @ 1548/49 (Weekly Trading Zone), finally gave way and within a couple of hours became the new support.

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