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Price gapped down, gap never covered, narrrow candlesticks. No trade today

5 min Emini Nasdaq 100

Hi,

How is it going? We are not seeing clear trends in the market, as I have mentioned before, market is at crossroads now.

Market participants are undecisive on where the market should go.. It gapped down fast and furious today only to bottom out hovering in a narrow range...

candlesticks are short and moving averages are downward sloping... No trade today.

Posted by Michael Taylor on August 14, 2009 5:50 PM |

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