Did you managed to catch it?
5 min Emini Nasdaq 100
Hi,
The market is in a turmoil now.. It went down during the morning session then at 13:00 it rebounded suddenly all the way into the closing bell. Is there a reason for this? I don't know.. Should we trade this? it depends..
Moving averages are sloping down and while prices are still below the moving averages, it does not make sense to go long... Stochastics, short-term MACD cut their signals at the same time and it seems like a good signal, but, there have been too many fakes in the current market.. I decided to stay out of the market, sure I missed a move, but I am trading according to my principles which proctects me in adverse conditions..