Here is a thirty minute bar chart showing day session e-mini trading for the past week. You can see that a supply shock developed after the Treasury announcement at 11:00 am this morning (red arrows). This means that the short term trend is definitely downward and should carry the market down at least to 825 and probably lower than that.
Tuesday, February 10, 2009
Supply Shock
Here is a thirty minute bar chart showing day session e-mini trading for the past week. You can see that a supply shock developed after the Treasury announcement at 11:00 am this morning (red arrows). This means that the short term trend is definitely downward and should carry the market down at least to 825 and probably lower than that.
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