Tuesday, 16 June 2009

YM 15min

Hi Everybody,

As I anticipated in yesterday’s post, it was another hard day yesterday on the US e-minis, but then this is just to be expected because of the cyclical nature of trading.....

Having said that, just take a look at the YM 15min Chart, and where yesterday’s decline stopped – right at our DP support

So, knowing that we were at 15min DP support and in the hard part of the trading cycle, what should you have been looking for on the 3min Charts ?

Thanks, Steve