Market quiet ahead of FOMC, Stochastic up, MACD up --> $140 profits
5 min Emini Nasdaq 100
Market gapped down today. The general feel for the market is quite sluggish. Price is not moving much and most traders are concerned over the rate decisions by the FED.
In today's trade, I entered only one contract, price action is too sluggish to justify entering another 2 more contracts. I entered at 1980 when price bottomed out with stochastick turning up and short-term MACD turning up as well.
I exited when price hit the moving averages and turned down together with stochastic with al profit of $140.