Market is up... but no trade today.. why?
5 min Emini Nasdaq 100
Hi,
If you look at the moving averages, it is slanting upwards nicely... But at the sametime did you notice divergence with the Short-term MACD? This is a good market to go long only on hindsight...
In live trading, I can't find any good signals to go long.. There is a strong surge at the opening bell.. but that was it.. afterthat, price moved in short spurts... with short bodies... dancing aboving the green moving average..
There was no real pullback that we can use to enter the market. Don't be fooled by this chart that it is daytrading is easy.. This chart is on hindsight.. in live trading, you wouldn't see this. You will be wondering whether price is going up or down.