Market crashing again, hit support line -> Stochastics up -> $920 profits
5 min Emini Nasdaq 100
Hi,
Do you think the bail out package worked? Market doesn't seem to think so for the time being.. Price gapped down and started the downward trend... It formed a bottom at 1360... this gave me the signal that there might be strong support at 1360...
I did not enter the market immediately.. I waited for price to rebound... I found a chance to go long at 1363 when stochastics cut the signal line.. I was not very sure of the trade and 1 contract was all I was prepared to risk..
The trade turned out well and I exited my position at 1409 with profits of $920.