No trade today - market is still undecided...
5 min Emini Nasdaq 100
If you look at the 5 min chart.. moving averages are almost flat and stochastics cut up the signal line...this was a Long signal... however, I did not enter the market..
Simple reason... candlesticks movements are dirty and moving averages are flat... This is reason enough for us not to trade..
Be patient...
Daily Emini Nasdaq 100
If you look at the daily chart, stochastics has started to turn up and yesterday there was a huge up candle.. If this trend continue, we can expect the market to turn up again...