Thursday, April 30, 2009

S&P 500 day trading emini futures


Looking at the past few days seeing the correlation in the charts as we enter into the "Bait" for the investors.

Looks like the market makers will take this to new highs and then  take it out.  

Psychologically, alot of investors are waiting for it to go back down again so they can get in.  That is where the set up will occur.  It won't go down for a period, Investors will get tired of waiting and will test the market with small buys into their mutual funds or a few Stocks that they like.  As they slowly increase their positions and they are feeling safer and safer, the market will turn against them.





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