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Price rebounded from moving averages,shocahstics up, Long -> $280 profits

5 min Emini Nasdaq 100

Hi,

Amazing price has continued the uptrend.. Is it going to sky rocket all the way back to 2000 ? I don't know...
What I do know is that there is a very obvious uptrend today and if I were to enter the market, it would have to be long..

I longed 1 contract at 1338 when price rebounded from the moving averages with stochastics turning up from the oversold region. Notice also that price broke through the opening price.
I exited at 1352 when stochastics cut back the overbought line with profits of $280.

Posted by Michael Taylor on April 16, 2009 5:58 PM |

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