Ranging Markets --> Stay out of it.
5 minutes Nasdaq 100 Emini CandleStick
Hi,
How's it going? I hope you didn't trade today. Its a very difficult market today... I instictively knew it from the price action in the first 30 minutes of the market.... I took a break and came back at 14:00.... my hunch was correct, market is still choppy... I didn't trade today and stayed out of the market..
Firstly, you can see for yourself that stochastics is choppy, bouncing up and down rapidly,
Secondlly, you can see that there is no trend for MACD... it'c choppy as well..
Lastly and most importantly,,, you have to judge it from the price action VS the moving averages... The moving averages are more or less flat and price hovers around it...