Thursday, September 29, 2016

Market Psychology of The E-Mini S&P 500 Futures Range;

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We open today on the E-Mini S&P 500 Futures in a solid range right from the start. The buyers attempted to get a breakout higher but quickly failed at the highs allowing sellers to prove the range and move us into buying low and selling high.

This range ended up being very strong at the PHOD with sellers heavily selling there as defense for a move back down where there will likely be buyers anxious and waiting for it to come to them just to push it right back up to complete the range!

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