Downtrend today... BUT --> no shorting?? why?
5 min Emini Nasdaq 100
Hi,
The market is down today.. and on hindsight there is a nice down trend.. see the nice trend lines that can be drawn by joining the highs and lows of the candles...
So do we short??
NO!
Why? --> we are really looking for stochastics and short-term MACD to cut down from the top... if you look at the signals.. most of them are buy signals... weak buy signals.. cutting the signal line from under... Obviously this is a bad market to go long... so what do we do? stay out!