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Market nicetrend up --> BUT no trade! why?

5 min Emini Nasdaq 100

Hi,

Market seems to be resilient and bounced up today. You can see that the green moving average is the support line for price as it moves up..

However, do you see a trading opportunity? MACD, stochastics are erratic and there isn't a good trading signal for us to enter with confidence.

NO TRADE TODAY.

Posted by Michael Taylor on May 18, 2009 5:40 PM |

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