Stochastics - Short term, Mid-term MACD up --> $500 profits
5 min Emini Nasdaq 100
Hi,
Market gapped down toady and there was a strong pullback to close the gap... but as soon as it closed the gap... price rebounded from the moving averages... It was moving down again with a sinking feeling... I cant tell where the market is going... there is no signal....
12:30, price started to show some signs of stabilization... there was strong support at 1825... at the same time, stochastics and short-term MACD cut the signal line... but I am still hesitant to going long..
Mid-term MACD started to cut its signal line and short-term MACD rebounded from its signal line as well.. I longed 1 contract at 1835. price reached the high fromed from the morning session and went further up.. I was feeling that it might get a little shaky and started to look for signals to get out... Stochastics cut its signal line down and I exited at 1860, with $500 profits.