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TFC Commodity Trading Forum

Emini Trapped between Support/Resistance *PIC*

The Dec Emini is trapped between resistance at its downtrendline and support at 1225. A break either way should be substantial. Too bad the Option Strangles are so expensive. But I guess option sellers cover their ass better than most. Note how all the major moving averages have converged. Doesn't happen often and when it does price tends to move 'swiftly' one way or the other. Expect some fireworks from this point forward. Take your pick on direction. Dec expires Thursday. The March contract has the same pattern.