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An Emini Star Is Born

Published 03/21/2019, 01:52 PM
Updated 07/09/2023, 06:31 AM

I was originally going to title this post “The Thin Blue Line“, because there is a horizontal on the /ES that I’ve mentioned multiple times over the past week as being an important S/R delineation. The post-Powell flame-out – a humiliation the man probably doesn’t even realize yet – can be thanked.

Emini S&P 500

Instead, I decided to emphasize the “star” in this post: specifically, the shooting star candlestick on the daily /ES, an important reversal pattern. Yesterday’s Fed meeting was the last major event of the month (except for the big China/US trade signing scheduled for March 27…………….oh, that’s been cancelled? OK.) I’m banking on Wednesday’s highs marking the counter-trend top.

Daily Emini S&P 500

Latest comments

he thinks ranting is a good way to trade
give it up guy you been wrong for years
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