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No trades today. Market closed gap

5 min Emini Nasdaq 100

Hi,

There's no trade today... market gapped up and made a desperate attempt to go higher, but price just tumbled down and closed the gap... Price came down fast and furious, there wasn't a chance for me to play the gap closure as there was very little room left. The risk / reward did not look very nice...

After that, price just moved in a tight ranging manner with Short-term Sthochastics close to the zero line.

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Posted by Michael Taylor on October 29, 2007 5:22 PM |

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