The E-Mini NASDAQ 100 futures contract is in the midst of a three-day pull-back after topping out at 1,940 earlier this week. However, more selilng pressure could be seen ahead – at least that’s what my Modified PEMA Crossover signal is telling me.
The CME Group ($CME) has been a great swing trading stock lately, offering amazing moves in a matter of days. As I see it, this stock could be headed for another 20-point drop. I’ve got three reasons why.