May 13, 2013

E-Mini Dow Futures Prep

E-Mini Dow Futures Prep

We can see the
buyers have exhausted after the big run UP on the E-Mini Dow over the last 3
weeks, and this anchor chart now tells us to sit-on-hands while we wait to see
WHO is really in control this morning. 
We can see the Green Cloud has turned to a RED cloud, which means we’re
seeing the selling opportunities as the high-percentage-trades.  We can also look closely and see a sideways-trading-range,
a narrow price-wedge and another clue to sit-on-hands and wait patiently.  We are waiting for new higher-highs or lower-lows
to breakout of this price-wedge and give us a directional-clue that we can use
on our entry charts.

    schooloftrade

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