Market in state of confusion -> Stay out!
5 min Emini Nasdaq 100
Hi,
How is it going?
The market has been particularly difficult lately and I couldn't really find good trading opportunities.. I am not forcing myself to trade. As day traders, we are not forced to take up unnecessary positions like institution traders...
The candles sticks today have the typical short bodies and long shadow patterns.. This by itself is a warning signal of a ranging market... furthermore, short-term MACD is close to the zero-line... this is not a good signal either..
Stay out!