Yes there is no August to speak of with the Emini. I was looking at Aug Gold for awhile and had it on my mind when I came across the Emini chart pattern that looked so significant. Seems everyone is waiting for this weekend to clear to make a market move. Will likely see some fireworks next week with many markets. Option expiration tomorrow to boot.
The Aug Emini is at a major resistance pt being the 1327.75 neckline of a very bullish Inverse Head and Shoulder pattern. A close above this level that holds would project a rally to over 1400. This pattern tells you price has been waiting for 'something' bullish to occur. The pattern says it's going to get what it waited for. BUTTTTTTTTTT price still has to clear AND hold above 1327.75 to confirm. We all know what "ASSUME" did.
