Uptrending moving averages --> BUT No trade today...
5 min Emini Nasdaq 100
Hi,
The moving averages are sloping upwards... and price gapped up today.. on hindsight it seems like a good opportunity to go long.. Or is it?
If we were to go long, we had to wait for a pullback and rebound from the moving averages, plus stochastics / short-term MACD cutting up from the oversold region. But look carefully, there is no signal to go LONG...
Also, I did not like the short-bodied candlesticks.. this shows that market is undecided...taking small steps at a time.. it is difficult to make money in such a market...