First significant pause in YM

Today’s price action in the YM (e-emini future for the Dow Jones) looks to be closing with a shooting star candle on very high volume, and is suggesting the impressive, and at times breathless rally of the past 6 months may be coming to a significant pause point. But whether today’s move lower is simply reflecting profit taking, or whether it is the first inkling of a serious correction remains to be, and will depend on this week’s remaining price action and volume profile.

By Anna Coulling

 

 

About Anna 1064 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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