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The S&P 500 Emini Futures continued the upward trend putting in a higher high in an attempt to reach the 1354/1355 Weekly Trading Zone ahead of Greece announcing their resolution. There will not be a Podcast created on Thursday, we will return to our normal Daily Live Emini Broadcast on Friday.
The Trend Is Your Friend!
Certainly a well worn trading adage, but what does it really mean and can we use it to improve our Emini Day Trading?
The definition of a Trend is simple enough: The general direction of a market. Trends can vary in length from short, to long term. If you can identify a trend, it can be highly profitable, because you will be able to trade in that direction. Hence the familiar saying - "The trend is your friend until it ends".