Market showed Resilience, Stochastics up, MACD up, Price action good --> $600 profits
5 min Emini Nasdaq 100
Market gapped down at open today... I did not participate in this... but the downward plunge was soon over and this was followed by a strong upturn confirmed by my stochastics which provided the initial signal.
I longed 1 contract at 1808 and another 2 contracts at 1811.. Notice that Short-term MACD turned up and cut the signal line shortly after I entered? The uptrend was further confirmed by the Mid-term MACD which also cut the signal line.
The upward ride was smooth and price broke above all my moving averages, I was getting abit uneasy now. Stochastics and MACD were showing signs of a turning. I finally let go at 1820 ( I did not manage to exit at the high of 1824) when price action weakend.. Notice how shortly after I exited stochastics downturned and MACD downturned to cut its signal line? Profits of $600.