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Market still uncertain. - No Trade today..

5 min Emini Nasdaq 100

Hi,

Market gapped down today and eventually closed the gap in the later part of the trading session.. However, as you can observe that the candlesticks have short bodies enclosed in a narrow bollinger band.. Do you think that this is a good market to trade in?

Obviously not!

Next, at around 14:00, it starts to get interesting and price starts to turn up and head towards the moving averages.. Moving averages are sloping down and I am not particulary interested in going long... NO TRADE TODAY.

Posted by Michael Taylor on November 11, 2008 5:26 PM |

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