Rates cut? Gapped down? Dont fight the FED --> $1260 profits
5 min Emini Nasdaq 100
FEB announced an emergency rate cut of 75bps? That is a huge cut! imagine most of the time they adjust by 25 bps... now all of a sudden its 3 times more..
Market gapped down nonetheless and in fact it went down even more and for a moment we all thought that the market was going to crash again... but at around 13:00, my Mid-term MACD started to cut the signal line and stochastics was also cutting the oversold line...
I longed 1 contract at 1711 and another 2 more contracts at 1720... I held it all the way till Short-term MACD cut the signal line down again...and I exited at 1738... with profits of $1260...