We're back down testing 1,981 on the Emini. It's a ledge and if we break through, it'll be a strong move on the downside. The last rally back up to 2,020 failed with another test back up to 2,017 where the Professionals came in on Friday to sell it down.

We're back down testing 1,981 on the Emini. It's a ledge and if we break through, it'll be a strong move on the downside. The last rally back up to 2,020 failed with another test back up to 2,017 where the Professionals came in on Friday to sell it down.

The 1,981 support on the Emini acted like a tractor beam today. The downtrend was not over until we tested right down to it, or almost at 1,982. After that, a rally of 34 points. The professionals always have a plan.

Got grilled at a dinner party this weekend about being a trader. Is trading gambling? Is shorting wrong? Is trading immoral? All good questions. But the answer to all of them is, no. Trading is not gambling and there is nothing wrong or immoral about trading.

The 1,981 support on the Emini acted like a tractor beam today. The downtrend was not over until we tested right down to it, or almost at 1,982. After that, a rally of 34 points. The professionals always have a plan.

Got grilled at a dinner party this weekend about being a trader. Is trading gambling? Is shorting wrong? Is trading immoral? All good questions. But the answer to all of them is, no. Trading is not gambling and there is nothing wrong or immoral about trading.

The Emini gapped down almost 30 points today - an overnight waterfall sell-off. But how do you trade it? Here are my 3 rules.

This simple rule of thumb can be used to find high probability breakout trades. The market is volatile and charts resemble group emotions. People and groups of people are not logical and move from one extreme to another. So if the market has a flat top, there's a high probability that it will break and cause a panic and extreme of emotions. Look out for flat tops in your Emini trading.

The Emini gapped down almost 30 points today - an overnight waterfall sell-off. But how do you trade it? Here are my 3 rules.

This simple rule of thumb can be used to find high probability breakout trades. The market is volatile and charts resemble group emotions. People and groups of people are not logical and move from one extreme to another. So if the market has a flat top, there's a high probability that it will break and cause a panic and extreme of emotions. Look out for flat tops in your Emini trading.