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Yesterdayʼs close is a key point for the next few days.  Here is a 5 minute chart of the Emini.  After a weak open, price rallies up to yesterdayʼs close – shown as red line.  Price refuses to hold above this level even on four tries.  As long as price is holding above the open of the day, it could be safe to buy reactions in this market.  Not the 4 Close Reversal at 3:00.  Today, price has a “Yum-Yum” break above  the red line.  This points to higher prices today.  Which happens.As of now, price has reversed down and shown a “Yum-Yum” down back through the red line pointing to still lower prices.

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